President of ExxonMobil Guyana, Alistair Routledge disclosed today that virtually all of the work supporting the nation’s oil industry in Trinidad and Tobago will be moved to these shores by 2022.
Routledge noted that this would be in keeping with the desire of the oil giant and its contractors to ensure all Guyanese continue to benefit from the development of the country’s oil and gas resources.
The ExxonMobil official said, “In the early days when we started exploration, there was no infrastructure, no expertise, no history to leverage so we had to utilize the existing capability, the existing facilities in Trinidad. Over time, now that we have that line of sight to more development, we can continue this investment journey and move more of that work, the facilities, the capability to Guyana,”
Routledge added, “I’m really excited to say that by some time in 2022, virtually all of that supply chain, all of that work will have been moved to Guyana from Trinidad. That will be a major milestone for Guyana, for local content, for the people of Guyana.”
With three sanctioned projects from the government, being the Liza Phase 1, Liza Phase 2 and Payara developments, ExxonMobil Guyana said it sees the potential for up to 10 projects to extract the current resource estimate of approximately 9 billion barrels of oil equivalent in the Stabroek Block.
A steady phased approach to these developments will enable sustained growth in local content, Routledge asserted.
The ExxonMobil official said, “The ability to look out at a number of projects enables companies and enables investors to invest, to build infrastructure, to hire and train people so that the work can be done here.”
He added, “It’s not just one project, it’s that sequence and so they know that they’re going to get the payback from the investment and the real benefit to the country is that infrastructure and that additional capacity in the workforce will be there for other purposes when we finish building the projects offshore.”
