Exploration

Exploration

Liza field leading investments at prolific Stabroek Block

OilNOW -
Capital expenditure by project offshore Guyana sees the Liza field at the 6.6 million acres Stabroek Block leading the pack through 2030 having already surpassed US$3 billion in investments for 2019. “The 2015 Liza find has completely rewritten the script...
Exploration

More disappointment for Tullow with dry hole offshore Peru

OilNOW -
Tullow Oil plc (Tullow) announced on Monday that the Marina-1 exploration well drilled on the Z-38 licence offshore Peru reached Total Depth and has not encountered significant hydrocarbons. The well tested the La Cruz and Mal Pelo formations where minor...
Exploration

First suspected coronavirus case on North Sea platform contained

OilNOW -
An offshore worker on a North Sea platform has been quarantined over concerns around the outbreak of the coronavirus Energy Voice said in a report on Friday. The worker, on board Taqa’s Tern Alpha installation 105 miles north-east of Shetland,...
Exploration

Total targeting up to 3 Guyana wells this year despite heavy crude encounters

OilNOW -
French oil company Total expects two to three new offshore wells to be drilled in Guyana this year, Chief Executive Patrick Pouyanne says. This is despite encountering heavy crude at two prospects last year, which brought into question their...
Exploration

Noble, ExxonMobil enter drilling agreement for Guyana-Suriname basin

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Noble Corporation plc and ExxonMobil on Tuesday announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in...
Exploration

Over 50 prospects identified on Suriname’s Block 58

OilNOW -
Apache Corporation has identified over 50 prospects on Block 58 offshore Suriname where it has made the first deepwater discovery in the South American country in an area that runs parallel to ExxonMobil’s prolific Stabroek Block offshore Guyana. The Maka...
Exploration

Explorers face growing battle for support in 2020 – WoodMac

OilNOW -
What's the role for the exploration industry as the energy transition takes long-term oil growth off the agenda? In 2019, Andrew Latham, vice president of global exploration at Wood Mackenzie, asked if there's room for explorers in a low-carbon...
Exploration

Bahamas gunning for oil as Guyana success excites region

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Bahamas Petroleum Company (BPC) said Thursday it will be drilling an exploration well in April with results expected in the second quarter of the year. The well - Perseverance #1 – is located on the northern segment of the...
Exploration

Kosmos plugs and abandons Gulf of Mexico well after expending US$24M

OilNOW -
Kosmos Energy (NYSE: KOS) (LSE: KOS) said Wednesday it has completed drilling the Oldfield exploration well (Kosmos 40%, Hess 60%) in the U.S. Gulf of Mexico. Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon, targeting approximately 10 mmboe...
Exploration

Hess plugs over 80% of its 2020 E&P budget into Guyana, Bakken

OilNOW -
Hess Corporation on Tuesday announced a $3 billion Exploration and Production capital and exploratory budget, of which more than 80% will be allocated to high return investments including Guyana. In a press release, Hess said that the $3 billion budget...
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Panama and Netherlands top destinations for Guyana’s crude in Q1 2025

Panama and the Netherlands emerged as the top destinations for Guyana’s crude oil exports in the first quarter of...

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