ExxonMobil is now firmly established in Guyana and committed to model corporate citizenship. The Government of Guyana issued the production licence in June 2017 and first oil is expected no later than 2020.
Drilling continues to yield positive results. Turbot 1, is the latest and fifth new oil discovery in the 6.6million acre Stabroek Block since Liza 1 in May 2015, when ExxonMobil announced that first significant discovery. Exploration continues. The Stabroek Block is 6.6 million acres (26,800 square kilometres) and located approximately 120 miles (193 kilometres) offshore Guyana. The Liza, Payara, Liza deep, Snoek and Turbot discoveries are located in the Stabroek Block.
ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) operates offices in Georgetown. EEPGL holds an interest and is the operator in the Stabroek, Canje and Kaieteur Blocks, offshore Guyana. The current staff of the Guyana Affiliate office is 25, 64% being Guyanese. That is expected to increase by the year 2020 with a corresponding exponential increase in Guyanese staff. Consistent with its commitment to corporate citizenship EEPGL has established a Centre for Local Business Development to upgrade skills of small and medium sized businesses, and increase their readiness to provide competent local content ahead of first oil.
EEPGL is operator and holds 45 percent interest, Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.
The Canje Block is located offshore Guyana east of the Stabroek Block, where the largest 3-D seismic data was collected in 2016. EEPGL is operator and holds 35 percent interest, JHI holds 40 percent interest and Mid-Atlantic holds 25 percent interest.
The Kaieteur Block is located to the north and adjacent to the Stabroek and Canje blocks, approximately 250 kilometers offshore in ultra-deep water, where a 3-D seismic survey is underway. EEPGL is operator and holds 50 percent interest, Ratio Energy Limited holds 25 percent interest and Ratio Guyana Limited holds 25 percent interest.
Learn more about the Liza development project
Learn more about Guyana
The latest Guyana news press releases, listed in chronological order.
Community and social responsibility
ExxonMobil endeavors to establish meaningful relationships that benefit communities and the company for the long term. Based on consultation with stakeholders and an initial community needs assessment, our early entry support in Guyana primarily focused on promoting education, especially in the areas of science, technology, engineering and math (STEM). Since 2012, we have supported the Volunteer Youth Corps, a nonprofit organization in Georgetown that engages third and fourth form students in a variety of STEM after-school learning programs. The programs include practical lessons in physics, chemistry, integrated science and information technology, as well as a three-day science camp at a local environmental facility. We also support Youth Challenge Guyana, which provides STEM education training to teachers and science kits to primary school students. Over the last few years, we expanded our community support to include a university exchange program for geology students at the university of Guyana, educational programs at Women Across Differences, a sports, literacy and leadership program in a traditionally Amerindian community in region two, and teacher training for a special needs school in Georgetown.
Most recently in 2016 ExxonMobil made the following contributions:
- US$25,000 (GYD$5 million) towards Indigenous People empowerment in the Mainstay/Whayaka Amerindian Reservation in region two;
- US$40,000 (GYD$8 million) towards Indigenous People empowerment in 21 communities of the Kanuku Mountains Protected Area in region eight;
- US$25,000 (GYD$5 million) towards afterschool interactive math and science programs through the Volunteer Youth Corps in region four and US$20,000 (GYD$4 million) towards a STEM Education program in region two through Youth Challenge Guyana;
- US$100,000 (GYD$20 million) to the Protected Areas Commission towards the revitalization of Botanical Gardens in honor of 50th Anniversary of Independence; and
- US$40,000 (GYD$8 million) to the University of Guyana to aid in the rebuilding of the institute’s physics lab.
We will continue to evolve and tailor our support for the community to reflect the needs and long-term goals of the Guyanese people, as learned through our ongoing community engagement.
In local workforce and supplier development, our vision of sustainability in Guyana is one in which stakeholders benefit from resource development today, while protecting and building opportunities for the future. To realize this vision, ExxonMobil will continue to safeguard people and the environment, support government endeavors to be responsible stewards of their natural and economic resources and invest in the community of which we have become a member. Everywhere we operate, we strive to develop employment opportunities for local workers and suppliers. Our local office in Guyana is staffed by more than 15 nationals performing work in various disciplines including accounting, office administration, procurement, public and government affairs, and security, safety, health and environment. ExxonMobil is working with local businesses to help identify opportunities to develop local service providers and a skilled workforce. As we study the commercial viability of the discovered resources and build our presence in Guyana, we remain committed to responsible corporate citizenship by engaging with the local government and communities, evaluating and developing a local workforce and supplier base, and protecting biodiversity by implementing responsible environmental standards and sound management practices.
Read more about our outreach.
While striving to maximize Guyanese Content opportunities during the development and execution phases, EEPGL will favor suppliers and contractors that are able to effectively support the project objectives. To learn more about the objectives and process, click here.
ExxonMobil’s commitment to operating in an environmentally responsible manner is highlighted through its Corporate Environment Policy; Protect Tomorrow. Today. Our policy includes a set of expectations guided by a scientific understanding of the environmental impact of our operations balanced with the social and economic needs of the communities in which we operate.
Safeguarding the ability of the environment to provide ecosystem services such as food, water, shelter, clean air and cultural identity is vital. Our approach to managing biodiversity and ecosystem services considers factors such as the rarity of individual species and their roles, vulnerabilities and cultural significance in different ecosystems and habitats. For example, Shell beach revealed environmentally sensitive species including the rare leather back turtles, which contribute to the marine ecosystems, and mangroves, which provide a nursery habitat and natural sea defense. We focus on these specifics when conducting our environmental impact assessments prior to operations.
Environmental Resources Management, a third party environmental consultant, prepared a detailed draft Environmental Impact Assessment (EIA) for the Liza Phase 1 Development Project (click to view the EIA) which was submitted on February 27, 2017. The EIA evaluated potential environmental and socioeconomic impacts, proposed a strategy to manage or mitigate impacts, identified project benefits, and provided the factual and technical basis to make an informed decision on Esso Exploration and Production Guyana Limited’s Application for Environmental Authorization to permit the Project.
ExxonMobil’s fundamental goal everywhere we operate, including Guyana, is to reduce environmental incidents to zero through a process of continuous improvement and the delivery of superior environmental performance. Not only do we comply with all applicable environmental laws and regulations and seek to go beyond these where practical, we apply international standards where laws and regulations do not exist.