Exploration

Exploration

Exxon conducting drilling operations at Redmouth

OilNOW -
ExxonMobil has commenced exploration drilling at the Redmouth-1A well in the Stabroek Block offshore Guyana. Previously, the company drilled the Redmouth-1 well in the second quarter of 2024.  The ‘A’ notation indicates that ExxonMobil has re-spud the well to relocate...
Exploration

Exxon’s gas wells take spotlight in global upstream activity for August – Rystad Energy

OilNOW -
ExxonMobil's gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a recent report from Rystad Energy. The U.S. supermajor achieved success with the completion of its non-operated Sloanea-2 appraisal well on...
Exploration

A look at ExxonMobil’s largest drilling fleet operating offshore Guyana

OilNOW -
The Stabroek Block offshore Guyana hosts four highly capable Noble drillships—Sam Croft, Bob Douglas, Tom Madden, and Don Taylor—all constructed by Hyundai Heavy Industries. These vessels share the advanced Gusto P10000 design, providing high performance in ultra-deepwater environments. Each drillship...
Exploration

Driller with most rigs off Guyana’s coast gets contract extension from ExxonMobil 

OilNOW -
ExxonMobil has awarded Noble Corporation an additional 4.8 rig years of backlog under the Commercial Enabling Agreement (CEA) in Guyana, the drilling expert said on Sept. 4 in its fleet report.  This extends the contracts of four Noble drillships—Noble Tom...
Exploration

Staatsolie targeting offshore bid round every year – Managing Director 

Shikema Dey -
Suriname’s state oil company Staatsolie plans to host an auction for every year until all of its offshore acreage is under contract.  Its Managing Director, Annand Jagesar, disclosed this to OilNOW in an exclusive interview at its headquarters in Suriname’s...
Exploration

Baker Hughes achieves fastest open water work in Guyana wells team history

OilNOW -
Baker Hughes said it set a new benchmark for open water drilling in Guyana, completing a 26-inch section with “unprecedented speed and efficiency.”  The company reported a 40% increase in on-bottom rate of penetration (ROP) and a 61% reduction in...
Exploration

Stabroek Block reserve estimate now stands at 11.6 billion barrels – Guyana oil minister

OilNOW -
The ExxonMobil-operated Stabroek Block offshore Guyana is estimated to hold 11.6 billion barrels of oil equivalent resources. Minister of Natural Resources, Vickram Bharrat, shared the updated figure during an August 14 press conference in Georgetown.  It represents the first change from...
Exploration

S&P estimates 18.7 billion barrels of recoverable resources in Guyana Basin

OilNOW -
S&P Global estimates that recoverable resources of 18.7 billion barrels of oil equivalent (boe) have been discovered in the Guyana Basin since 2015.   S&P Global Commodity Insights analysts Fernanda Machado, Mariana Anjos and Jerry Jarvis said in a...
Exploration

New wells in untouched oil plays planned for Suriname over next two years – Jagesar

Shikema Dey -
Paramaribo, Suriname - Staatsolie, Suriname's state oil firm, has big plans for its offshore oil sector, with an extensive exploration program eyed over the next two years.  "We are planning...lots of exploration wells, which is exciting because it gives the...
Exploration

Trumpetfish and Redmouth wells up next on Exxon’s Stabroek Block drill campaign

OilNOW -
ExxonMobil is targeting the Trumpetfish-1 and Redmouth-1 wells next in its Stabroek Block exploration campaign.  According to notices from Guyana’s Maritime Administration Department (MARAD), drilling at Trumpetfish-1 is scheduled to conclude on April 30 while drilling at Redmouth-1 is scheduled...
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Local security company to hire over 70 Guyanese as operations expand  

Secure Innovations and Concepts Inc. (SI&C) plans to hire 75 locals as its operations expand in Guyana.  Its Chief Executive...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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