Exploration

Exploration

Exxon conducted largest 3-D seismic survey in company’s history offshore Guyana

OilNOW -
By the time ExxonMobil acquired rights to explore the 6.6 million-acre Stabroek block 120 miles offshore Guyana, 22 wells, from as far back as the 1970s, had already been drilled by other companies on the coastal shelf outside the...
Exploration

BPC spuds Perseverance #1 well in The Bahamas

OilNOW -
Bahamas Petroleum Company has spudded the Perseverance #1 well in The Bahamas, targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. The company said on Monday the well was drilled on December 20 at...
Exploration

New report points to over 2.4-billion-barrel oil potential in Jamaica

OilNOW -
The unprecedented oil exploration success in Guyana is raising hopes for countries throughout the region and this is seeing a renewed emphasis being placed on the search for black gold. An independent evaluation of Prospective Resources offshore Jamaica prepared by Gaffney...
Exploration

ExxonMobil prepping for drill-stem test at Redtail-1 offshore Guyana

OilNOW -
A drill-stem test operation is set to get underway at the Redtail-1 well site located 103 nautical miles off the coast of Guyana at the Stabroek block. Redtail-1 is ExxonMobil’s 18 discovery on the block, announced in September. The well...
Exploration

Development of Guyana’s mega oil fields crucial as major shortfall in world supply expected

OilNOW -
Global oil reserves are not being replenished with enough conventional resources for future demand of oil and gas and this is set to create a major shortfall through 2050 despite lower future demand due to the coronavirus pandemic and...
Exploration

Equinor comes up dry in Barents Sea

OilNOW -
Equinor Energy AS, operator of production licence 960, has come up dry at the wildcat well 7018/5-1 in the Barents Sea. The well was drilled about 100 kilometres southwest of the Snøhvit field, and about 195 kilometres west of...
Exploration

Brazil’s Petrobras could turn to Guyana for offshore acreage, CEO says

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras could turn to Guyana for access to acreage along South America's equatorial margin if local environmental regulators do not grant permits to drill in Brazil's Foz do Amazonas Basin, CEO Roberto Castello...
Exploration

Touchstone makes significant gas discovery in Trinidad and Tobago

OilNOW -
Touchstone Exploration Inc. said Thursday drilling at the Cascadura Deep-1 exploration well on the Ortoire exploration block onshore Trinidad and Tobago encountered significant hydrocarbon accumulations based on drilling and wireline log data. The Cascadura Deep-1 well was drilled to a...
Exploration

Average discovery size at Stabroek block is 500 million boe with a record 90% success rate

OilNOW -
Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which demonstrate a 90% exploration success rate in the prolific Guyana-Suriname basin. The 18 discoveries so far...
Exploration

Guyanese Diaspora targeted as first junior company in the world provides investor access to Canje, Kaieteur block exploration

OilNOW -
Westmount Energy Limited, a junior oil and gas company with investor interest in the highly prospective Canje and Kaieteur blocks offshore Guyana, began cross-trading on the OTCQB market in New York on Tuesday under the ticker symbol WMELF. OTCQB is...
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Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a...

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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