While Guyana may come with extremely low-cost production rates for deepwater projects and a number of high-quality resources, it is not the only “star-girl” in ExxonMobil’s portfolio. Confirming this with a selected group of media operatives earlier today was President of ExxonMobil Guyana, Alistair Routledge. He was at the time, responding to questions regarding the efforts of the company in keeping operations alive and well in Guyana even in the face of the COVID-19 pandemic.
Routledge said that everyone on the ExxonMobil team is working hard to keep the operations going but as far as the continued investment is concerned, it comes down to a few things. “First of all, everyone appreciates that the resources we found here in Guyana are competitive on a global basis… (But) from the ExxonMobil point of view, we have a good number of those opportunities in our portfolio,” the official expressed.
He added, “And I think what differentiates Guyana is the materiality. It is not just one great resource, there are a number of them that we have discovered. They are somewhat interlinked. You can’t just say ‘I will develop one and leave the others’, you have to have an integrated plan and have the kind of projects that deliver an efficiency of development that we believe can be achieved and be most beneficial to the country.”
That said, the ExxonMobil President reminded that he and his team are in the process of having the review conducted by the government for the Payara Field Development Plan. He stressed that this has been going on for more than a year now while adding that ExxonMobil is committed to moving that forward. Routledge said he assumes the government is also committed to moving that development forward too. With that level of commitment and vision, he said that there could be more projects coming on board for Guyana’s benefit.