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

Even as Guyanese authorities accelerate oil production offshore, strategic steps are being taken to diversify the nation’s energy mix. According to the Head of the Guyana Energy Agency (GEA), Dr. Mahender Sharma, Guyana is already hitting major milestones in replacing diesel with solar power through various projects country wide.

During his interview on the Energy Perspectives Podcast – powered by the Guyana Energy Conference and Supply Chain Expo – Dr. Sharma explained that the GEA, a semi-autonomous body, has been working with the government to implement an ambitious renewable energy programme.

In this regard, he highlighted the progress made on a project geared towards distributing 30,000 Solar Home Energy Systems to Hinterland and Riverine communities.

“We signed the contract for this project in November 2022We went through four iterations (of the design) to make those units rugged enough so that persons can install them as an almost do-it-yourself type of feature.

“We then moved this to manufacturing in India and then they packed forty 40 ft containers in 2023. In 2023 as well, we distributed more than 28,000 units…To date, 29,416 units have been distributed,” Dr Sharma explained.

The official said that the Solar Home Systems are outfitted with a 160-Watt panel, two lights, a fan, and an ability to charge mobile devices.

Complementary to this initiative, he said, is a project that entails the installation of mini-solar grids across the country. Dr. Sharma explained these solar mini grids are 35 to 50 kW systems.

Thus far, 31 solar mini grids have been installed, with 21 commissioned last year.

“The impact has been quite significant because there are schools, health centers, and community buildings that didn’t have electricity before…We saw a doctor in Orealla, for example, who was extremely grateful for having electricity at night… they were able to do things that they couldn’t do normally.”

Dr. Sharma was also pleased to share the impact of solar mini grids on schools, which can now provide televised teaching programmes from the Learning Channel.

“Students are now able to operate a computer, print documents, things we often take for granted on the coast…So we have seen significant impact,” Dr. Sharma shared.

He also disclosed the progress being made with the installation of solar farms which range from .6 to 1.5MW. In August 2022, the GEA commissioned its first mega scale solar farm at Lethem which carries 1MW and since its commissioning, Dr. Sharma said it has displaced more than 3,400 drums of diesel.

He noted also that a 1.5MW solar farm was installed at Bartica, displacing 2200 drums of diesel. Dr. Sharma said another solar farm is set for commissioning at Mahdia soon.

For the remainder of 2024, the solar power agenda includes a .75MW solar farm at Wakenaam, a .6 MW solar farm at Leguan, and a 1.2MW solar farm for the Mazaruni Prison. The GEA will also be working with the Guyana Water Incorporated (GWI) on solar installations totalling 1.2MW at eight water treatment plants. Additionally, 50 public and community buildings will be outfitted with solar panels.

Dr. Sharma said these efforts will no doubt build upon the milestones already achieved in just three short years. For 2020, he noted that the GEA had 5.35 megawatts of solar installed in the country and by the end of 2023, that went up to 14.62MW.

“Overall, I am personally very proud of what that means for us as a nation and I feel very proud to be part of that development for us,” Dr Sharma said.

SBM Offshore completes US$1.75 billion financing of FPSO ONE GUYANA

Jul 21, 2022

SBM Offshore has announced that it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion., 

According to a press release from the company, the project financing was secured by a consortium of 15 international banks. SBM expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The project loan is in line with the duration of the charter hence a two-year tenor post-completion and carries a variable interest rate based on SOFR plus 2.2% margin.

The FPSO ONE GUYANA builds on the experience to date of FPSOs Liza DestinyLiza Unity and Prosperity.

SBM indicated that the design for FPSO ONE is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s new build, multi-purpose hull combined with several standardized topsides modules.

The FPSO will be designed to produce approximately 250,000 barrels of oil per day, will have associated gas treatment capacity of 450 million cubic feet per day and water injection capacity of 300,000 barrels per day. The FPSO will be spread moored in water depth of about 1,800 meters and will be able to store around 2 million barrels of crude oil.

The project is part of the Yellowtail development which is the fourth development within the Stabroek block, circa 200 kilometers offshore Guyana. Esso Exploration and Production Guyana Limited, an affiliate of Exxon Mobil Corporation, is the operator and holds a 45 percent interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds a 25 percent interest.

‘Significant discovery’ at Lancetfish-2 oil well

Oct 26, 2023

See below full statement issued by the Ministry of Natural Resources:

The Ministry of Natural Resources (MNR) is pleased to announce that the Lancetfish-2 appraisal well in the Stabroek Block has resulted in a significant discovery.

This marks the fourth offshore discovery in Guyana for the year 2023 and brings the total number of discoveries from 2015 to date to a total of 46.

The earlier discoveries made in 2023 include Fangtooth SE-1 and Lancetfish-1 in the Stabroek Block, as well as the Wei-1 discovery in the Corentyne Block.

The Lancetfish-2 discovery in the Liza Petroleum Production License area has unveiled an estimated 20 meters of hydrocarbon-bearing reservoir, along with approximately 81 meters of additional hydrocarbon-bearing sandstone.

This newly discovered reservoir will undergo a comprehensive appraisal process, which aligns with the ongoing appraisal activities for other discoveries in the region.

Guyana Energy Conference and Supply Chain Expo 2024 – a platform for diverse industries

Jan 22, 2024

In an interview with hosts of the Women Empowerment Program ( Ramona Luthi & Martina McDonald-Johnson ) on EdYou FM earlier this week, CEO Kurt Baboolall and Accounts Manager Shamar Joseph provided exclusive insights into the upcoming Guyana Energy Conference and Supply Chain Expo 2024.

Scheduled to unfold from February 19 to 22, the expo is set to pivot around the theme “Fueling Transformation and Modernisation,” marking a strategic shift from the previous year’s focus on harnessing energy for development.

According to Baboolall, this new theme will mirror Guyana’s ambitious use of energy resources to spearhead sustainable development across key sectors.

Aiming for broader inclusivity, the expo will introduce an International Food Bar, offering global cuisines, including dishes representing Guyana’s Amerindian heritage. The intent is to foster unity and cultural appreciation among attendees.

Moving beyond its core business focus, the expo is planned to feature local cultural programs during lunch and intermittent periods. The organizers envision providing attendees, regardless of age, with a deeper understanding of Guyana’s culture and energy landscape.

The event is anticipated to host distinguished speakers, including His Excellency Shiekh Mohamed Bin Altani of Qatar, the Prime Minister of the Bahamas, Hubert Minnis, Prime Minister Keith Rowley of Trinidad and Tobago, and His Excellency, Chan Santokhi of Suriname, among others. Notable figures like Andrew Parsons, Minister of Energy for Canada, and Daniel Jurgen, a Nobel Prize winner, are expected to contribute their insights. Over 18 countries are expected to be represented, fostering collaboration across diverse industries.

A notable segment of this year’s agenda is the Youth Forum on the fourth day. The panel is expected to comprise professionals from varied backgrounds, offering valuable insights, best practices, challenges, and guidance for aspiring young professionals entering the industry.

The expo promises to provide a platform for diverse industries, including agriculture, health, ICT, infrastructure, logistics, hospitality, labor, and education.

Interested participants are encouraged to register at www.guyanaenergy.gy, with a reminder to bring CVs and business cards for networking opportunities. The event will be open to everyone, with free entry for children.

The Guyana Energy Conference and Supply Chain Expo 2024 is expected to be a hub of knowledge exchange, collaboration, and cultural celebration. As Guyana sets its sights on sustainable development, this event is anticipated to stand as a vital platform for professionals and enthusiasts alike to contribute to the nation’s growth.

For additional information, attendees are expected to contact 640-5519, 640-5515, or 640-5512.

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