GUYANA is at the intersection of environmental stewardship and economic progress and is writing a compelling narrative of sustainable development. While much has been said about its commitment to preserving its vast forest cover and engaging in carbon credit agreements, Guyana’s journey towards sustainability takes an innovative turn with its offshore oil and gas industry.

At the forefront of this paradigm shift is ExxonMobil Guyana and its co-venturers CNOOC Petroleum Guyana Limited and Hess Guyana Exploration Limited, who have chosen a path of sustainable development for the extraction of offshore resources. One notable example is the Stabroek Block Operator’s choice of FPSOs that go beyond mere production efficiency.

SBM Offshore is the company that was contracted by ExxonMobil to build, operate and maintain the three FPSOs that are currently producing oil offshore Guyana. Bruno Chabas, Chief Executive Officer of SBM Offshore, is on record as stating, “The carbon capture solution developed in partnership with Mitsubishi Heavy Industries Limited aims to reduce FPSO emissions by up to 70 per cent. As a result, we are on target to offer a near-zero-emission FPSO to the market in 2025, a key enabler of our 2050 net zero ambition.”

This commitment to emissions reduction not only reflects global climate goals but also aligns seamlessly with Guyana’s pursuit of sustainable growth.
SBM Offshore has also built two FPSOs operating in Guyana under its Fast4Ward programme. This concept is based on five key principles: engaging early with clients, standardisation, focus on flawless execution, partnering with the supply chain and use of digital solutions in today’s volatile environment.

Because of it, the Liza Unity was the first FPSO to be awarded the SUSTAIN-1 notation by the American Bureau of Shipping. A second FPSO, Prosperity was also built with the Fast4Ward design.
Japanese FPSO builder, MODEC, also plans to contribute to Guyana’s sustainability objectives with its innovative approach. The Errea Wittu project, touted to become one of the most sustainable FPSOs globally, incorporates cutting-edge technology to minimise environmental impact.

Featuring a combined cycle turbine on board, Errea Wittu FPSO will leverage energy production systems that recover exhaust heat to produce steam, driving a steam turbine for supplementary power generation. This not only enhances overall energy efficiency but also significantly reduces the emission of greenhouse gases.

ExxonMobil Guyana and its co-venturers are not just extracting resources; they are conducting safe, responsible operations offshore, ensuring the utmost environmental protection through reduced emissions. Liam Mallon, President of ExxonMobil Upstream Company, emphasised the company’s dedication to safe and responsible operations. “Largely in our operations here now in Guyana except when you’re commissioning during start-up, we have eliminated routine flaring.” He stated.

In an era where environmental concerns are paramount, these actions speak louder than words, underlining a commitment to sustainable practices that extend beyond regulatory requirements.
As Guyana’s offshore oil and gas industry progresses, it serves as a beacon of hope for nations navigating the delicate balance between economic development and environmental preservation. The choices made by industry leaders like ExxonMobil exemplify the potential for innovation to drive sustainable development.