Government agencies participate in ‘Crude Lifting Workshop’

Wednesday, July 25, 2018

Georgetown, Guyana – Representatives from several government agencies that will have a role in the export of crude oil participated in a half-day workshop last week. This is, as Guyana gets ready for the start of commercial production at Exxon Mobil’s Liza 1 well scheduled for the first quarter of 2020.

The ‘Crude Lifting Workshop’ held at the Marriott Hotel was facilitated by ExxonMobil as the operator responsible for production. Attendees included the Minister of Natural Resources Hon. Raphael Trotman, Minister of Business Hon. Dominic Gaskin and officers from the Ministries of Natural Resources, Business, Finance, Foreign Affairs and Public Infrastructure as well as the Guyana Geology and Mines Commission, Guyana Energy Agency and the Guyana Defence Force Coast Guard.

The workshop provided an introductory understanding of crude lifting and crude oil exports and established key points of contact where collaboration would be necessary over the coming year to develop a coordinated multi-agency lifting procedure.

Lifting of crude oil refers to the act of loading crude oil from the Floating, Production, Storage and Offloading (FPSO) Unit to the tanker which will then transport it to the global market. This process will be governed by a Crude Lifting Agreement to ensure a fair and transparent process and monitored by all entitled parties as well as independent verifiers.

During the workshop, participants received an overview of crude lifting operations, key elements of a Crude Lifting Agreement, measurement and metering, lifting schedule determination and discussed key details of the crude lifting procedure.

The engagements will continue as the Government recognizes that the rude lifting process underpins the earning of revenues from crude oil production and it is vital for stakeholder agencies to have a thorough understanding of their roles and responsibilities. This will support smooth continuous operation of the production process and a constant stream of revenue for the people of Guyana. [END]

 

 

 

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