Guyana’s associated gas glut will be a challenge

Guyana’s offshore discoveries will be a game-changer for the country, but monetising the huge volumes of associated gas could be difficult Guyana’s offshore discoveries will be a game-changer for the country, but monetising the huge volumes of associated gas could be difficult.
By Chris Noon 6 April 2017 0 25386
The Andrew rig off the coast of the UK. Kevin Ramnarine says Guyana could have 'another North Sea' on its doorstep. (BP)

Guyana is turning into the biggest exploration story of 2017, with ExxonMobil announcing a succession of massive oil discoveries off the coast of the tropical South American country. However, the associated gas from the giant finds could be a headache for the supermajor. 

“With each discovery, the disposal of associated gas – we estimate over 3 trillion cubic feet [85 billion cubic metres] – becomes a bigger challenge,” said Wood Mackenzie in a research note published last week. 

Exxon announced its third oil discovery in the Stabroek...

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