—Guyana to become world’s largest oil producer per capita in 2025

By Kiana Wilburg, CEO of Guyana Energy Conference & Supply Chain Expo

ExxonMobil, alongside its partners Hess and CNOOC, has often credited technological advancements as one of the key factors that allowed for rapid success in Guyana’s Stabroek block. In just five years, the Exxon-led consortium commenced oil production in December 2019 at the Liza Phase One project.

This performance was deemed unprecedented as it surpassed the industry standard by two years. A lesser-known fact, however, is that the technology to develop Guyana’s sweet, light hydrocarbons did not exist 15 to 20 years ago, as highlighted by the President of ExxonMobil Guyana, Alistair Routledge.

On the sidelines of the Offshore Technology Conference (OTC) on May 8, 2024, Routledge explained to the Guyana Energy Conference & Supply Chain Expo the crucial role of technological breakthroughs.

Routledge said technological advancements played a key role in revolutionizing how deep water projects are optimized in Guyana to meet global energy demand.

“…But let’s face it, 15 to 20 years ago, the technology did not exist to develop the resource in the water depths offshore Guyana. So, everything has its time and place,” said the ExxonMobil official.

To date, the oil major has utilized cutting-edge technology to drill wells as deep as 15,000 to 18,000 feet. For example, ExxonMobil’s 13th discovery in Guyana at the Yellowtail – 1 well was drilled to a depth of 18,445 feet (5,622 meters) in 6,046 feet (1,843 meters) of water.

Routledge further noted that technology has allowed it to hit a successful queue of discoveries in Guyana’s Stabroek Block, now well over 35. With six sanctioned projects, ExxonMobil estimates that Guyana will be producing over 1.3 million barrels of oil by 2027.

Next year Guyana will commission the Yellowtail project, the fourth development in the Stabroek block. Working alongside three existing vessels–the Liza Destiny, Liza Unity, and Prosperity FPSOs; production will reach approximately 870,000 barrels of oil per day. This would make Guyana the world’s largest oil producer per capita.

“…All these technologies have come together to enable us to find, deliver and develop the resources in Guyana that we see today. It is quite a remarkable success,” Routledge said.

The ExxonMobil Guyana President also emphasised the importance of events like OTC in providing a one-stop showcase of the latest developments for the industry which can then be applied to Guyana’s operations.

“What a conference like OTC does is that it provides a platform for the sharing of technology and expertise, whether that is the companies bringing and inventing new technologies…or it is the exchange of ideas and new developments by geoscientists, engineers and the technology people in our industry who are able to hear from one another, what we are thinking and how do we apply that in Guyana in order for us to develop and find additional resources, bring down the cost of development, and extend the recovery of resources for maximum value for the country,” Routledge said.

Overall, the ExxonMobil official said cutting-edge technology is already unlocking Guyana’s hydrocarbon potential and that it will remain integral for the long term.

ExxonMobil Guyana Named Title Sponsor for the Third Consecutive Year at the Guyana Energy Conference and Supply Chain Expo 2024

Jan 04, 2024

ExxonMobil Guyana has once again offered its full support for the Guyana Energy Conference and Supply Chain Expo billed for the Marriott Hotel from February 19 – 22, 2024.  

The Guyana Energy Conference and Supply Chain Expo is delighted to announce ExxonMobil Guyana as the title sponsor for the third consecutive year. As a global leader in the energy sector, ExxonMobil’s support underscores its commitment to advancing dialogue and collaboration in the dynamic landscape of the energy and supply chain industries. 

The Secretariat for the Guyana Energy Conference and Supply Chain Expo is pleased that ExxonMobil Guyana has chosen to be associated with this high-profile event in this capacity.  

Commenting on the sponsorship, President of ExxonMobil Guyana, Alistair Routledge said, “our continued support for this event is an undeniable signal of our commitment to contribute to the robust growth of the local energy sector and sustainable development of Guyana.”  

Kurt Baboolall, Chief Executive Officer of the Conference believes that the company’s participation at this level is testament to the success of the two previous conferences.  

He said, “We are honored to have ExxonMobil Guyana as the title sponsor for the third consecutive year. Their unwavering commitment to our conference underscores the significance of our shared goals in promoting advancements and collaboration within the energy sector.” 

The Conference, to be held under the theme, ‘Fueling Transformation and Modernisation’ is expected to assemble an impressive line-up of industry experts, policymakers and foreign officials to the benefit of local and international entrepreneurs.  

ExxonMobil Guyana will play a pivotal role in shaping discussions, sharing insights, and contributing to the overall success of the Guyana Energy Conference and Supply Chain Expo. The collaboration will provide a platform for the company to showcase its commitment to innovation, people and sustainability.  

The Guyana Energy Conference and Supply Chain Expo is an annual event that brings together industry leaders, policymakers, and stakeholders to discuss the latest developments, challenges, and opportunities in the energy and supply chain sectors. The conference aims to foster collaboration, innovation, and sustainable practices for the future of the industry. 

Opportunities are available for other companies to offer their support as sponsors in the Platinum, Diamond, Gold and Silver categories.  

While it varies, sponsorship opportunities allow for a wide range of branding and exposure for building network and expanding operations.  

Persons and companies interested in booking any of the sponsorship packages are advised to visit the website www.guyanaenergy.gy  to download and complete the sponsor registration form.  

General delegate registration for the Conference and Expo is also open for in person and virtual participation and persons can do so by also visiting the website before February 10, 2024.  

Exhibitions are hosted simultaneously with the main conference and exhibition packages are available separately for those interested.  

Book your booth or your seat to the conference and benefit from other promotional opportunities TODAY! 

Rebranded energy conference emphasises transformation, modernisation

Jan 18, 2024

THE foremost energy conference in Guyana has been rebranded as the ‘Guyana Energy Conference and Supply Chain Expo’. This year, the conference will prioritise the pursuit of transformation and modernisation.

This is according to Chief Executive Officer of the Guyana Energy Conference and Supply Chain Expo, Kurt Baboolall who, in a telephone interview, told the Guyana Chronicle that the goal this year will be to make the expo a family-oriented one set to foster learning.

Giving some background on the rebranding of the conference, Baboolall stated that in Guyana, the income from energy resources is being used to develop all other sectors across the country, and as such, it was important that this be highlighted.

In light of this, he further emphasised that the energy sector is dependent on various other sectors to ensure its efficiency and functionality. Consequently, recognising the interdependence between the energy and other sectors, the team deemed it essential to take action.

However, with this in mind, the theme for this year’s conference is, “Fuelling Transformation and Modernisation.”

“So, we have seen a lot of transformative projects starting in Guyana since we started to lift oil in 2020. So that’s one of the reasons we thought that fuelling transformation would be more aligned with what’s relevant and happening in Guyana right now,” he said.

When asked about plans for this year’s conference, he stated that the goal this year is to make the expo a family-oriented one, as energy is currently the driving force of the country’s economy.

Baboolall told this newspaper that he believes that everyone should be included, and as such, the exhibition will be built to include everyone. It was then that he noted that kids could attend the conference free of cost, once accompanied by an adult.

Added to this, he noted that the conference, which will be hosted at the Guyana Marriott Hotel from February 19th to February 22nd, 2024, will feature a new attraction: an international food court.

This food court will provide patrons with an array of food options from across the world and even indigenous dishes from Guyana.

“Persons coming to the expo, it’s diverse; we have international attendees, we have regional attendees, and we have locals. We want to be able to illustrate culture through cuisine, so that’s going to be our theme for the international food court,” Baboolall expressed.

Further to this, he noted the expo will be built so that attendees can learn about what’s happening in the sector and with players in the energy market.

He added that throughout the days of the conference and expo, those in attendance will learn about energy, the energy players, the supply chain, and even companies that provide support to the energy sector.

“We want people to leave with value in terms of learning, you must come, learn about something, the energy players, learn about where they fit in the sector,” he iterated.

In line with the commitment to education, Baboolall announced that there will be a prominent display at the conference and expo entrance, showcasing the remarkable journey of oil in Guyana.

In the context of the conference, he mentioned that the agenda includes more than 66 speakers, including several heads of state who have already confirmed their attendance.

Among these are the Prime Minister of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani; the President of Suriname, Chandrikapersad Santokhi; the Prime Minister of Trinidad and Tobago, Keith Rowley; and Prime Minister of The Bahamas, Phillip Davis, among others.

Guyana’s Head of State, President, Dr Irfaan Ali, Vice-President, Dr Bharrat Jagdeo, and Prime Minister, Brigadier (Ret’d) Mark Phillips will also be in attendance.

From a global private sector perspective, the CEO added Pulitzer prize-winning author and long-time energy and economic consultant, Daniel Yergin will be in attendance.

Further to this, Baboolall encouraged those who are desirous of attending Guyana’s premier energy conference and expo to register at guyanaenergy.gy


Read more here: https://guyanachronicle.com/2024/01/18/rebranded-energy-conference-emphasises-transformation-modernisation/

Prime Minister of Qatar joins list of dignitaries, world leaders to attend 2024 Guyana Energy Conference and Supply Chain Expo

Jan 08, 2024

Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the Prime Minister of Qatar, is confirmed among the growing list of dignitaries and world leaders to attend and make presentations at the region’s largest energy conference and expo in Georgetown, Guyana next month.  

The Guyana Energy Conference and Supply Chain Expo returns for its third installment from February 19 – 22, 2024 with an impressive lineup of industry experts, policymakers and foreign officials who will offer insights as keynote speakers and through their participation in several panel discussions.  

The inclusion of the Prime Minister of Qatar as a featured speaker reflects the commitment of both nations to foster international partnerships and share expertise in the crucial field of energy. 

Anthony Whyte, Chairman of the Guyana Energy Conference and Supply Chain Expo said, “We are honoured to welcome the distinguished Prime Minister of Qatar as a featured speaker. His presence underscores the global significance of our event, highlighting the shared commitment to advancing sustainable energy solutions and fostering international collaboration in the ever-evolving energy landscape.” 

Sheikh Mohammed previously served as the country’s Deputy Prime Minister and Minister of Foreign Affairs since 2017 and 2016 to 2023, respectively, and Chairman of the Qatar Investment Authority from 2018 to 2023, where he provided leadership to the QIA Board of Directors and ensured QIA’s sound governance framework through accountability and sound decision-making. 

Additionally, as the Chairman of Qatar Fund For Development (QFFD), Sheikh Mohammed directs the fund’s operations and the expansion of its activities to reach more than 70 countries around the world, notably in the Middle East, Asia, and Africa. 

Sheikh Mohammed brings a wealth of experience and leadership in finance, investment, development and accountability. His participation highlights the international significance of the Guyana Energy Conference and Supply Chain Expo as a platform for fostering collaboration and sharing best practices.  

Sheikh Mohammed was notably praised for his recent meeting with CIA Director William J. Burns and head of Mossad David Barnea in Qatar where they reached an extension of the ceasefire by two days and exchange of more than 100 Israeli hostages for 240 Palestinian prisoners in the 2023 Israel–Hamas war. 

He will be joined by other world leaders, including the President of Guyana, Dr Mohamed Irfaan Ali; the Prime Minister of Trinidad and Tobago, Dr Keith Rowley; the Prime Minister of The Bahamas, Philip Davis; the Minister of Industry, Energy, and Technology of Newfoundland, Canada, Andrew Parsons along with several others to be announced at a later date.  

To be held at the Marriott Hotel in Georgetown, Guyana, the conference is a premier gathering of industry leaders, policymakers, and stakeholders committed to shaping the future of energy and supply chain sectors. 

The Guyana Energy Conference and Supply Chain Expo is poised to be a landmark event, facilitating discussions that will shape the trajectory of the energy sector in Guyana and beyond. The participation of the Prime Minister of Qatar adds a significant international dimension to the conference, highlighting the global importance of sustainable energy practices. 

About Sheikh Mohammed: 

Sheikh Mohammed was born and raised in Doha, Qatar. He is part of the Qatari royal family as a member of the House of Thani. He holds a bachelor’s degree in economics and business administration from the College of Business and Economics at Qatar University (2003). 

On March 07, 2023, in a cabinet reshuffle, through Amiri Decree, he was appointed as the Prime Minister of Qatar. 

Sheikh Mohammed’s priorities as Prime Minister include advising His Highness the Amir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, on the formation of ministries in the country and assisting His Highness perform his duties and exercise his roles. Sheikh Mohammed also heads the Council of Ministers sessions, including managing discussions and supervising the coordination of work between ministries to achieve unity between governmental agencies and ensure the integration of their activities. 

Sheikh Mohammed’s responsibilities as Minister of Foreign Affairs include planning and implementing Qatar’s foreign policy, maintaining and extending the country’s strategic bilateral and multilateral relations, leading mediation efforts, and consolidating international peace and security. 

Leave a Comment

Your email address will not be published. Required fields are marked *

Comment *