Exploration

Exploration

Shell looking to strike it big on ‘Golden Lane of Oil in the Guianas’ six years after walking away from Stabroek Block

OilNOW -
Six years after giving up its stake in the Stabroek Block offshore Guyana where operator ExxonMobil went on to make the first world class Liza discovery just months later, Shell is now looking to strike it big on the...
Exploration

Guyana has at least 10 years of intense exploration drilling, biggest window of opportunities – Ramnarine

OilNOW -
New oil producer Guyana will see the highest level of exploration activities unfolding over the next ten years, which, according to one official with years of experience in the industry, presents the best window of opportunity for the people...
Exploration

Guyana production set to hit 1.4 million b/d in mid-2030s with potential for even higher output

OilNOW -
Oil production in Guyana is expected to rapidly increase in the coming years as more developments are sanctioned, and floating production storage and offloading units (FPSO) come online.  Norway-based Rystad Energy expects this output to hit peak in the...
Exploration

Guyana, Suriname entering high-stakes competition for development of deepwater resources

OilNOW -
Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first offshore discovery at Maka Central-1. This was closely followed by two other discoveries – Sapakara West-1 and...
Exploration

Petronas spuds first well offshore Suriname

OilNOW -
Malaysian oil and gas company Petronas has spudded its first well - Sloanea-1 - offshore Suriname at Block 52 where it has farm-down 50% of its interest to US oil major ExxonMobil. Denmark-based drilling rig operator Maersk Drilling is carrying out...
Exploration

CGX long overdue for works on offshore blocks, has not drilled in years – Jagdeo

OilNOW -
As Guyana forges ahead with the development of its offshore petroleum resources which exceed eight billion barrels of oil equivalent at the prolific Stabroek block, there are, and understandably so, a number of companies knocking on the government's door...
Discoveries

Guyana’s history with oil dates back centuries

OilNOW -
The possibility of Guyana having petroleum stemmed from observations of petroliferous occurrences recorded by Dutch explorers since the 1750s, but it was not until 1916 that the first significant effort to locate petroleum was undertaken. "In the 1700s several inconsequential...
Exploration

INTO THE DEEP: At 8,000 meters Tanager-1 is the deepest well ever to be drilled by ExxonMobil offshore Guyana

OilNOW -
FAST FACTS The Tanager-1 well has a target total depth of 8,000 metres making it the deepest well ever drilled by ExxonMobil offshore Guyana. The previous deepest well was Ranger-1 at 6,450 meters. It will take an estimated 90 days to drill. The...
Exploration

ExxonMobil awarded 35-year concession in Argentina’s Vaca Muerta

OilNOW -
(S&P Global Platts) ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company's growth in oil and natural gas production in Argentina. The government of Neuquen, a southwestern province where most...
Exploration

Report: 9 prospects at Kaieteur Block hold an estimated 2.1 billion barrels of oil

OilNOW -
A study conducted on the Kaieteur Block offshore Guyana has revealed that nine prospects, including the Tanager-1 well where exploration drilling is underway, hold an estimated 2.1 billion barrels of oil resources. The Stena Carron drillship arrived at the Tanager-1 well site a week...
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TotalEnergies’ Gran Morgu project will drive local participation in 45 sectors – Suriname GM 

Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran...

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