Exploration

In addition to Uaru-2, three other discoveries offshore Guyana – Liza Deep, Tripletail and Yellowtail – have had deeper penetrations into the Santonian. That deeper interval is found not only at the prolific Stabroek Block, but also extends east...

Preparations for the 220,000 barrels per day (bpd) Liza Phase 2 and Payara developments offshore Guyana are moving ahead on schedule and will soon add to the 120,000 bpd Liza Phase 1 project, effectively pushing Guyana’s output at peak...

The planned exploration and appraisal drilling campaigns offshore Guyana are now in high gear with forays set to start and others ongoing at multiple wells in the 6.6 million acres Stabroek Block. OilNOW understands that the Stabroek Block exploration programme...

One of the newest Oil and Gas (O&G) support companies to enter Guyana’s petroleum industry is Sustainable Environmental Solutions Inc. (SES), made possible through a joint venture agreement between Finnish company, Corena Group Integrated Environmental Solutions, and local companies,...

ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...

The Stena Carron rig is resuming drilling operations at the Koebi-1 prospect in the prolific Stabroek Block offshore Guyana after an initial operation at the well site in March. The well is situated approximately 120.6 nautical miles (223.4 kilometers) from...

Bahamas Petroleum Company plc said Friday it will be embarking on a comprehensive program of activities that will see an increase in production and cashflow from operations in Trinidad and Tobago and Suriname. In a Notice of Extraordinary General Meeting and Circular,...

Canadian exploration partners, Frontera Energy Corporation and CGX Energy Inc, announced Thursday that an agreement was signed with Maersk Drilling Holdings Singapore Limited for the provision of a semi-submersible drilling unit, the Maersk Discoverer, and associated services to drill...

Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first...

The bulk of current drillship demand is in the so-called golden triangle area which comprises the Gulf of Mexico (US and Mexico), South America (Brazil, Guyana & Suriname), and Africa (west, south, and east coasts). These regions account for...