Exploration

Exxon’s massive 35-well campaign set to ramp up Guyana reserves

ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...

Exxon continuing drilling operations at Fangtooth; likely to be 7th Guyana project

ExxonMobil Guyana is continuing drilling operations at the Fangtooth well site, which yielded a discovery last year, the Maritime Administration Department (MARAD) revealed in a notice. Operations are being undertaken by the Stena Carron rig and are expected to take...

CGX encounters hydrocarbons in shallow zones of Wei-1 well, deeper horizons up next

The first round of drilling at CGX Energy’s Wei-1 prospect in the Corentyne Block has yielded positive results. Drilling commenced at Wei-1 late January with the Noble Discoverer. In an update on March 2, CGX reported that the first prospective geologic...

Total targets mid-year to confirm resources for development project offshore Suriname

By mid-year 2023, Block 58 operator TotalEnergies SE expects to confirm the desired estimated resources to kickstart production offshore Suriname, Chairman and Chief Executive Officer (CEO) Patrick Pouyanné said. This could result in another delay of the long-awaited Final Investment...

No decision yet on next Orinduik Block well, but analysts expect Amatuk

Eco Atlantic’s recent financial report indicates that the partners responsible for developing the Orinduik Block offshore Guyana, have not decided on their 2023 target. Eco Atlantic said they continue to work towards identifying the optimal drilling target at the Tullow...

T&T targeting shallow water bid round launch this quarter

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) will be launching a shallow water bid round, targeting over 23 blocks in its offshore acreage. MEEI featured a booth at Guyana’s International Energy Conference and Expo 2023 in Georgetown. The...

Frontera to pump one-third of 2023 CAPEX on Guyana projects – CEO

One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...

Wei-1 exploration to cost up to US$170 million – Frontera Energy

Corentyne Block majority stakeholder, Frontera Energy, said the total cost of the Wei-1 well (including 2022 pre-drill costs and costs related to drilling delays) are forecast to be approximately US$160-$170 million. Frontera anticipates it will spend approximately US$120-$140 million on...

Ten wells planned for Stabroek Block in 2023 – Hess

The Stabroek Block co-venturers intend to drill 10 exploration and appraisal wells there in 2023, Chief Executive Officer of Hess Corporation, John Hess said Tuesday. “We continue to see multibillion barrels of additional exploration potential on the Stabroek Block,” Hess...

CGX begins drilling operations at Wei-1

The Wei-1 well in the Corentyne Block 200 kilometres offshore Guyana has been spud, CGX Energy said Monday morning. The Noble Discoverer arrived days ago from Trinidad and Tobago. The Wei-1 exploration well is expected to take approximately 4-5...

Latest News

Nine big companies vying for farm-in to Orinduik Block – Gil Holzman

Chief Executive Officer (CEO) at Eco (Atlantic) Oil & Gas, Gil Holzman said there are nine companies vying to...