Exploration

Guyana’s rapid offshore production growth is unfolding against a more cautious global exploration backdrop, with Westwood Global Energy Group reporting that high-impact exploration drilling fell to its lowest annual level on record in 2025. In its State of Exploration 2026...

Starting May 10, ExxonMobil Guyana continued exploration drilling activities at the Goby-1 prospect in the Stabroek Block.  A notice from the Maritime Administration Department (MARAD) confirmed that the Stena Carron drillship will conclude drilling by July 31.  Stena Carron continues Goatfish-1...

Stena Drilling has secured a contract to drill what is set to be Greece’s first deepwater offshore well. The company said on April 15 that Energean Hellas Ltd awarded a contract for the mobile offshore drilling unit (MODU) Stena DrillMAX...

The Stena Carron drill rig will continue exploration operations at ExxonMobil’s Goatfish-1 well in the Stabroek Block offshore Guyana. A notice from the Maritime Administration Department (MARAD) outlined that drilling activities are scheduled to conclude on May 31, 2026. The Goatfish-1...

ExxonMobil Guyana Limited on February 19, 2026 continued exploration drilling at the Goatfish-1 well site in the Stabroek Block, according to a notice issued by the Guyana Maritime Administration Department. The well is being drilled by the MODU Noble Sam...

Winston Brassington, head of Guyana’s Gas-to-Energy Taskforce, said the Natural Gas Liquids (NGL) facility at Wales will be ready before year's end, while only part of the 300 megawatt (MW) power plant will deliver electricity this year. He provided the...

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for...

ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy Group, even as national oil companies (NOCs) surged ahead in 2024 to dominate both drilling...

ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April 6, using the Stena Carron rig, and will conclude by July 31, Guyana’s Maritime Administration Department (MARAD) said in a...

High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest...