TechnipFMC: It’s a wrap on Guyana’s flagship $1.9 billion gas-to-energy project (video)

(offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integrated natural gas liquid (NGL) plant and a 300 MW combined cycle power plant at Wales on the West Bank of Demerara.

With new hydrocarbon discoveries peppering the Guyana-Suriname basin, the black gold boom turned the country on South America’s North Atlantic coast into an exploration hotspot, prompting the Guyanese government to assign the development of natural gas resources to the pile containing its key priorities in the oil and gas industry. This led to the quest to bring Guyana’s first gas-to-shore project to life, as a way to combat the price shocks and halve electricity costs, sparking economic growth and bolstering the country’s energy security.

To that end, the Natural Resources Ministry of the country in the northeastern corner of South America engaged in multiple discussions with ExxonMobil and its Stabroek Block partners, Hess Corporation and CNOOC, to find common ground and iron out the plans to tap into and monetize the total reserves of associated gas.

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