Yellowtail Field FDP Review, Guyana

Based on international good practices, and the specific conditions present in Guyana, conducted an in-depth review of the FDP and supporting documents submitted by the Contractor to gain government approval for this development. This review included an assessment of:

1. The strategy and the development model, as well as the criteria for the choices that have been made by the Licensees including cost effectiveness, and potential alternatives;
2. The engineering, geological and geophysical interpretations, simulations, and estimations including recovery factor efficiency using natural gas injection and available natural gas for export;
3. The proposed project schedule, including tail end production;
4. The proposed subsea system;
5. The well & reservoir management strategy, taking into consideration the GoG’s objectives of maximizing the recovery of hydrocarbon resources and having no gas flared;
6. The proposed oil and gas surface facilities;
7. The associated financial models, economic analyses and cost estimates and reports towards ensuring financial optimisation of oil and gas recovery profiles;
8. The Health, Safety, Environment and Social (HSES) impacts and proposed mitigation;
9. The Decommissioning Plan and Budget;
10. The natural gas utilisation plan for the field;
11. The overall risk management strategy;
12. How the Licensees have incorporated the learnings from previous FDPs and related studies, as well as identifying how the Licensees have addressed these findings in the context of a new FDP;
13. Any revisions made to the FDP so as to ensure that the issues and deficiencies or requested modifications identified in the original FDP have been adequately addressed.

Prepared a report summarizing the opinions formed in the evaluation of the FDP, highlighting any deficiencies, unresolved issues, or areas of additional technical analysis that government should request from the Contractor before making a determination on the FDP.