(Energy Analytics Institute, 14.Dec.2021) — Energy briefs including EP PetroEcuador announcing it has sufficient fuel supplies at all its terminals despite transport issues impacting Ecuador’s two oil pipelines and one derivatives pipeline; ExxonMobil reiterating the Liza Unity FPSO will commence ops by 2022 offshore Guyana; Venezuela’s oil minister Tareck El Aissami returning to his duties at the ministry after undergoing hernia surgery; and more.
LATIN AMERICA AND THE CARIBBEAN
Colombia
— Shell Colombia President Ana María Duque reiterated the co. was looking to commence drilling at the Gorgon 2 well offshore Colombia’s Caribbean coast by YE:21. Duque, said 14 Dec. 2021 during the La República Forum (Foro LR), that the process as one of the most important drilling campaigns in Colombia as the co. aims to determine if there are enough offshore gas resources to potentially move forward activities at the well.
Ecuador
— EP PetroEcuador announced on 14 Dec. 2021 in an official stmt that it had sufficient supplies at all its terminals of gasolines, diesel, jet fuel and fuel oil used to generate electricity as well LPG for domestic usage. The declaration comes just a day after the gov’t declared force majeure on oil exports amid advancing soil erosion in the Napa region around the country’s hydrocarbon infrastructure, especially its pipelines.
— Ecuador reported hydrocarbon export revenues of $5.5bn in the first 9-mths of 2021, EP PetroEcuador announced 14 Dec. 2021 over social media.
Guyana
— ExxonMobil’s Liza Unity floating, production, storage and offloading (FPSO) vessel is twice the size of the first FPSO, the Liza Destiny. Liza Unity is expected to commence ops by 2022 and has a production target of 220,000 b/d, the Irving, Texas based oil giant said over social media.
— ExxonMobil and its partners Hess and CNOOC have found more than 10bn boe offshore Guyana in the Stabroek Blk, the co.’s Senior Vice President Mike Cousins reiterated 6 Dec. 2021 during the World Petroleum Congress in Houston. The co. estimates those figures will be double that once exploration drilling stops.
Venezuela
— The country’s public transportation sector is raising tariffs owing to higher inflation, the daily newspaper El Carabobeño reported 14 Dec. 2021.
— Venezuela’s oil minister Tareck El Aissami reportedly returned to his duties at the ministry after undergoing hernia surgery. The official made the comments 14 Dec. 2021 on Venezuelan state TV and accused wire agency Reuters of spreading false rumors about his possible departure from the ministry. Delcy Rodriguez and Asdrubal Chavez were floated as possible officials to take over at the oil ministry.
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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
