ExxonMobil began drilling a second appraisal well in an offshore field near where its Liza 1 well struck oil last year. The enthusiastic exploration and appraisal schedule for Guyana by ExxonMobil is being pushed by the company’s plans to accelerate commercial development of Liza. 

According to reports in Upstream, ExxonMobil is already seeking out contractors on the design of a short-term floating production facility that could bring on first oil as early as 2018, to be followed by a larger permanent unit that could have capacity of between 150,000 and 200,000 b/d. 

The Energy Chamber views this as a good opportunity for energy services companies who are willing to explore the option of exporting their services regionally. The right national strategy aimed at offering services to Guyana’s energy sector could result in opportunities needed by companies operating in Trinidad and Tobago need to ensure that they are able to weather these tough economic times.