Exploration

Drilling to resume at CGX’s Wei-1 Guyana well, after medium-sweet oil find

CGX Energy said on Wednesday drilling operations at the Wei-1 well offshore Guyana has encountered multiple oil-bearing intervals in the western channel fan complex of the northern portion of the Corentyne Block. The intervals, CGX said, are in formations of...

Exxon strikes oil at Lancetfish-1 well

Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir. The well was drilled in 5,843 feet of water by...

Smaller player looking to bid on big blocks in Guyana basin

Mid-Atlantic Oil & Gas Inc., which has a 12.5% stake in the Canje deepwater block, has signaled its interest in Guyana’s ongoing licensing round. Its co-founder and director, Edris Kamal Dookie, is quoted in the April 21 edition of Latin...

Exxon conducting more drilling operations at prolific Fangtooth reservoir

ExxonMobil is moving forward with more drilling operations at the Fangtooth SE-1 well site in the Stabroek Block offshore Guyana.   OilNOW understands the Stena Carron rig will be engaged in the drilling activities situated approximately 100.8 nautical miles (186.6...

Total getting Block 58 “volumes right” before FID, likely in 2024 – Staatsolie asset manager

Exploration and non-operated venture asset manager at Suriname’s state-owned Staatsolie, Patrick Brunings is confident of a final investment decision for Block 58 next year.  Brunings told Hart Energy that operator TotalEnergies and APA Corporation are quantifying the finds it has...

Exploration remains high-risk; Hess, CNOOC hit jackpot with Guyana farm-in – Westwood

Energy market research and intelligence company Westwood Energy says exploration for hydrocarbons remains a high-risk business with only one in every three high impact exploration wells drilled between 2017 and the end 2022 resulting in a potential commercial discovery. “The...

Eco (Atlantic) & partners seek approval to drill up to five wells offshore South Africa

Eco (Atlantic) Oil & Gas Ltd. said that it, along with its partners, on South Africa’s Block 3B/4B are applying for environmental authorisation to undertake exploration activities. The block lies in water depths averaging approximately 1,000 metres, in the...

Exxon conducting more appraisal drilling at Fangtooth

Guyana’s Maritime Administration Department (MARAD) issued a notice that ExxonMobil Guyana is continuing drilling operations at Fangtooth_2 within the Stabroek Block.  Fangtooth-1 unlocks new play; will ‘add significantly’ to 10-billion-barrel oil resource – Hess This further demonstrates the Exxon-led consortium’s prioritisation...

Hess, Chevron and Shell looking to hit pay at Suriname well this year 

Chief Executive Officer of Hess Corporation, John Hess, said one exploration well will be drilled this year in Block 42 offshore Suriname.  Hess, Chevron and Shell, the operator, are equal stakeholders in the Block which lies north of Block 58,...

Exxon’s drilling operations to peak in 2025 with seven major projects across Stabroek, Kaieteur, Canje blocks

Once ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the...

Latest News

Cost estimate for Exxon’s Whiptail project slashed by US$200 million

ExxonMobil’s cost estimate for the Whiptail development, recently approved by the Guyana government, has been slashed by approximately US$200...