Exploration

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...

Regulator says CGX resuming drilling at Wei-1 

Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners, which pegged March 6 as the resumption date for drilling operations at Wei-1 by CGX Energy.  After successfully drilling the first prospective geologic horizons in the Upper Maastrichtian, CGX put...

Exxon’s massive 35-well campaign set to ramp up Guyana reserves

ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...

Exxon continuing drilling operations at Fangtooth; likely to be 7th Guyana project

ExxonMobil Guyana is continuing drilling operations at the Fangtooth well site, which yielded a discovery last year, the Maritime Administration Department (MARAD) revealed in a notice. Operations are being undertaken by the Stena Carron rig and are expected to take...

CGX encounters hydrocarbons in shallow zones of Wei-1 well, deeper horizons up next

The first round of drilling at CGX Energy’s Wei-1 prospect in the Corentyne Block has yielded positive results. Drilling commenced at Wei-1 late January with the Noble Discoverer. In an update on March 2, CGX reported that the first prospective geologic...

Total targets mid-year to confirm resources for development project offshore Suriname

By mid-year 2023, Block 58 operator TotalEnergies SE expects to confirm the desired estimated resources to kickstart production offshore Suriname, Chairman and Chief Executive Officer (CEO) Patrick Pouyanné said. This could result in another delay of the long-awaited Final Investment...

No decision yet on next Orinduik Block well, but analysts expect Amatuk

Eco Atlantic’s recent financial report indicates that the partners responsible for developing the Orinduik Block offshore Guyana, have not decided on their 2023 target. Eco Atlantic said they continue to work towards identifying the optimal drilling target at the Tullow...

T&T targeting shallow water bid round launch this quarter

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) will be launching a shallow water bid round, targeting over 23 blocks in its offshore acreage. MEEI featured a booth at Guyana’s International Energy Conference and Expo 2023 in Georgetown. The...

Latest News

Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...