Saturday, May 21, 2022

Exploration

Lau Lau-1 is Exxon’s largest discovery by depth in Guyana; almost three times the height of Marriott Hotel

To date, there have been more than 20 major discoveries in the ExxonMobil-operated Stabroek Block offshore Guyana. The largest of them by depth is Lau Lau-1 which was announced on January 5 by the American multinational. The Lau Lau-1 well...

Guyanese inspectors will begin testing crude produced offshore from this month

The South American country of Guyana has been striking oil in quick succession and building the capacity needed to manage the new industry in stride, with officers from the country’s standards bureau already carrying out monitoring activities on the...

So far only Stabroek has delivered the goods…what’s next?

High impact wells will continue to dominate global offshore exploration this year with mainly the big prospects being of significant interest to oil majors and larger National Oil Companies (NOC). The Guyana-Suriname Basin remains at the top of the...

US Gulf of Mexico to hit new production record this year

By Ed Crooks - Vice-Chair, Americas, Wood Mackenzie Platforms coming on stream will take US deepwater output to a record high in 2022. But new entrants have been wary of moving into the region. When British cartographers mapped what was to...

Maersk Drilling awarded one-well extension for Suriname campaign

TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100...

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

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...

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

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...

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

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...

Argentina movng forward with offshore drilling despite protests

(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...

Exxon says technology, global experience delivering unprecedented success in Guyana

“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...

Latest News

T&T eyes preferred bidder for Point-a-Pierre refinery

Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery,...