Exploration

Energy market research and intelligence company Westwood Energy said in a report last week that more than 60% of the discovered resource in 2012-2020 was gas, even though ~70% of high-impact wells were targeting oil. This was due to...

Even though the world is witnessing an unprecedented increase in efforts to transition to cleaner sources of energy starting with natural gas, there is still very little evidence of explorers going after this resource for 2021. This is according...

Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows. The Stena Forth rig drilled the GVN prospect to...

With 18 discoveries offshore Guyana equating to nine billion barrels of recoverable oil resources, the record-making results of oil exploration in the South American country has resulted in the re-examination of the Caribbean region as an oil-rich area. This is...

2021 is shaping up to be a significant period for exploration and appraisal operations in the Guyana-Suriname basin with targets at the prolific Stabroek block potentially making it the busiest year ever for drilling activities at that ExxonMobil-operated acreage. More...

CGX Energy Inc. said it is moving ahead with plans to spud the Kawa-1 and Makarapan-1 exploration wells on its Corentyne and Demerara blocks offshore Guyana. The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled...

The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled...

Originally published in the Geological Society of Trinidad and Tobago (GSTT) HAMMER Magazine – February 2021 The CARICOM region is now one of the hot spots globally for oil and gas activity, with most of the drilling taking place in Guyana...

Even though the Canje block’s wildcat - Bulletwood-1 - did not result in a commercial discovery, ExxonMobil and its partners, Hess Corporation and CNOOC are still laser-focused on their exploration and appraisal work which will continue on the prolific...

The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where the well was spudded approximately 57 days ago. The Maritime Administration Department said in a notice on Wednesday that the Stena...