Exploration

Exploration

Brazil looking to tap oil at same geologic trend delivering big discoveries in Guyana

OilNOW -
Brazil's state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana. According to Petrobras reservoir executive...
Exploration

Analysis points to massive Guyana basin oil resources, huge production estimates

OilNOW -
An analysis written by The Value Portfolio, published on crowd-sourced content service provider Seeking Alpha says Guyana is a game-changer and is defining a new era for ExxonMobil with current discovered assets touching almost 11 billion barrels stretched across...
Exploration

Barreleye, Tilapia could deliver more pay at Guyana’s largest block

OilNOW -
The Noble Don Taylor is continuing exploration drilling operations at Barreleye-1 situated approximately 90.87 nautical miles (167.98 kilometers) offshore Guyana at the ExxonMobil-operated Stabroek Block, covering an area of 0.29 square nautical miles. Meanwhile, the Stena Carron will be engaged...
Exploration

Argentina movng forward with offshore drilling despite protests

OilNOW -
(S&P Global Platts) Argentina plans to push forward on its first new offshore exploration drilling in years despite social protests, a government official said Jan. 6, arguing that the dangers of spills are low, and that oil and natural...
Exploration

Exxon says technology, global experience delivering unprecedented success in Guyana

OilNOW -
“This is not normal.” This is how the unprecedented success ExxonMobil has been having offshore Guyana is being described by head of its operations in the South American country, Alistair Routledge. “We reached the huge milestone of declaring 10 billion...
Exploration

Guyana scores big again as Exxon hits two more discoveries

OilNOW -
ExxonMobil and the Government of Guyana on Wednesday announced two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was...
Exploration

Drilling in ‘super plays’ like Guyana will intensify this year – WoodMac

OilNOW -
Globally, deepwater will remain an exclusive sector with few operators, and oil majors will continue to dominate, accounting for 45% of planned deepwater drilling in 2022, particularly in ‘super plays’ like Guyana, Suriname and Brazil. According to new insight from...
Exploration

Drilling operations at Stabroek Block in high gear

OilNOW -
Drilling activities at the Stabroek Block offshore Guyana continue in earnest with a series of exploration, appraisal and development campaigns underway. ExxonMobil, operator of the 6.6 million acres block, is undertaking exploration drilling operations at Fangtooth-1, Lau Lau-1 and barreleye-1....
Exploration

Repsol conducting survey at Guyana block ahead of 2022 drill campaign

OilNOW -
Spanish oil company Repsol is moving to conduct a geotechnical survey at the Kanuku Block offshore Guyana where it plans to drill another exploration well in 2022. This exercise will incorporate the use of the PSV MIA and will take...
Exploration

Giant prospects in Guyana will be at forefront of 2022 exploration

OilNOW -
U.K. based consultancy group Wood Mackenzie says the exploration sector will accelerate its repositioning for the energy transition in 2022 and this will see advantaged resources being targeted to replace maturing legacy assets. Conventional exploration will follow the disciplined path...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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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