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

With Guyana’s accelerated oil production offshore, the role of the Environmental Protection Agency (EPA) in ensuring the safety of public health while keeping the nation on a low carbon pathway, assumes greater importance. 

 

Head of the EPA, Kemraj Parsram

Executive Director of the EPA, Dr. Kemraj Parsram says he is acutely aware of the need to maintain this delicate balance, hence strategic investments are being made to ensure the EPA becomes a world-class regulator. 

During his inaugural appearance on the Energy Perspectives podcast, a programme powered by the Guyana Energy Conference & Supply Chain Expo, the Executive Director explained how technology is being leveraged to ensure remote monitoring of the oil and gas sector. 

With respect to monitoring water quality, he noted that there are sensors on Guyana’s three FPSOs—Liza Destiny, Liza Unity, and Prosperity.  As part of the operator’s responsibility, he said ExxonMobil and its partners must measure, for example, the concentration of oil in produced water that is being discharged. 

Parsram said too that ExxonMobil is required to treat the water in alignment with World Bank standards before it is discharged. Parsram said these standards outline that there can only be 49 milligrams per day or an average 29 milligrams of oil per litre per month. 

“So, they have these sensors that measure and provide us with that feed. We have a live platform at the EPA where we can see, by the minute, the concentration of oil in produced water,” said the Executive Director. 

He noted that these sensors also allow the regulator to monitor how much gas is flared too. 

“As you know, Guyana prohibits routine flaring…if there is an upset condition and you are testing out a new equipment, you are allowed to flare within a certain limit and if you go beyond, then a flaring fee of US$50 per tonne of every carbon emitted is charged,” he said. 

Furthermore, Parsram said the EPA utilizes NASA’s satellites to monitor any incident of flaring as well as MAXAR technology to have a bird’s eye view of any spill. 

Parsram also noted his interest in leveraging big data analytics and AI as the agency progresses while also ensuring that the staff remains in a continuous training cycle. 

“We have invested in the past year, $40 to $50 million for specific training on oil spill response, rig and FPSO inspection and we are investing to ensure we have the adequate cadre of skills to execute our functions.”

Parsram also shared that his agency has completed a strategic plan covering the next five years, all with the sole intention of laying out a roadmap to become a world class environmental regulator. He believes that is not only achievable but will also position Guyana as an example for other nations to follow. 

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. 

MODEC has signed a contract for the “Uaru” development project

Nov 01, 2022

MODEC has announced that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage, and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin FEED activities related to the FPSO design and to secure the second M350TM hull for FPSO service.

Following FEED and subject to government approvals in Guyana of the development plan, project sanction including the final investment decision by ExxonMobil and EEPGL’s release of the second phase (EPCI) of work, MODEC is expected to construct the FPSO and install it in Guyana. MODEC is also anticipated to operate the FPSO for an initial duration of 10 years, with potential options for continuation.

MODEC will design and construct the FPSO based on its M350 new-build design. Uaru will be the second M350 hull used for FPSO service. The FPSO will be designed to produce 250,000 barrels of oil per day and will have an associated gas treatment capacity of 540 million cubic feet per day and a water injection capacity of 350,000 barrels per day.

The FPSO will be installed in a water depth of about 2000 meters using a SOFEC Spread Mooring System and will be able to store around 2 million barrels of crude oil.

“We are extremely honored and proud to be selected to provide the FEED services for an FPSO for the UARU project,” commented Takeshi Kanamori, President, and CEO of MODEC. “We are equally proud of our robust track record of successful project deliveries in the South America region, and we look forward to cooperating closely with the client and its partners to make this project a success.”

By championing local content, Guyana set to triumph with oil and gas -Nestoil Group Chairman

Jun 18, 2024

By Kiana Wilburg

CEO, Guyana Energy Conference & Supply Chain Expo

If Guyanese authorities continue to effectively champion local content, as well as leverage the experiences of nations like Nigeria and Norway, it would be set for triumph with its world class oil and gas resources. This is according to Dr. Ernest Azudialu-Obiejesi, Chairman and CEO of Nestoil Group.

The Chairman and his team that included Tecon Oil, were on a four-day fact finding mission in Guyana from June 9 to 12, 2024, to understand the opportunities that abound. And during his appearance on the Energy Perspective Podcast, powered by the Guyana Energy Conference and Supply Chain Expo, Dr Azudialu-Obiejesi explained that Nestoil has been a major player in Nigeria’s oil and gas industry since 1991.

It is recognized as the largest indigenous engineering, procurement, construction, and commissioning company for major international oil and gas companies in Sub-Saharan Africa. Nestoil is also renowned for redefining industry standards in pipeline construction, repairs, and maintenance.

With Guyana expected to host over US$55 billion in investments across six projects in the ExxonMobil-led Stabroek Block, the Chairman underscored the importance of ensuring that Guyanese capture a portion of that expenditure. He insisted that championing local content and its associated legislation allowed for his company to become what it is today, adding that the same can happen for many Guyanese.

“The local content initiative or the laws in Nigeria helped Nigerians to be part of the oil development and also to make sure investments that happen over the years permeate throughout Nigeria…Nestoil was one of the companies at the forefront of local content,” shared Dr. Azudialu-Obiejesi. As a result of this, he noted that Nestoil was able to move from being a service company to now an exploration and production company.

“We have producing fields and there is no way we would have been able to achieve that feat without Local Content Laws that protect the indigenous people and ensure their participation in the oil and gas business…,” said the Chairman.

Dr. Azudialu-Obiejesi was keen to note his optimism that Guyana will be replicating such an approach to ensure locals are able to participate as much as possible and even become exploration and production giants soon enough. At the same time, he warned that there are a few pitfalls of which authorities should be mindful.

He said, “The government has to look at the availability of funding to ensure that the locals are empowered, that funds are made available for them to participate…they also have to ensure that the training programmes of oil companies incorporate locals to ensure they are able to participate…”

Dr. Azudialu-Obiejesi added, “Guyana needs to make sure what we call CapEx (capital expenditure) permeates through the economy and it touches the lives of the people of Guyana…The government should also ensure that the people are prepared for the offshoot of services such as those in tourism and technology that come from oil and gas development…”

Overall, the Nestoil Chairman categorically stated that Guyana is well positioned to succeed with oil and gas. By championing local content, ensuring the requisite laws are enforced, and learning from the missteps of Nigeria and other nations, he believes the country will truly realize its potential to become one of the biggest oil and gas players in South America, and the region by extension.

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