Exploration

Exploration

Exxon’s drilling operations to peak in 2025 with seven major projects across Stabroek, Kaieteur, Canje blocks

OilNOW -
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...
Exploration

Regulator says CGX resuming drilling at Wei-1 

OilNOW -
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...
Exploration

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

Shikema Dey -
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...
Exploration

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

OilNOW -
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...
Exploration

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

Shikema Dey -
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...
Exploration

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

Shikema Dey -
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...
Exploration

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

OilNOW -
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...
Exploration

T&T targeting shallow water bid round launch this quarter

OilNOW -
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...
Exploration

Frontera to pump one-third of 2023 CAPEX on Guyana projects – CEO

OilNOW -
One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...
Exploration

Wei-1 exploration to cost up to US$170 million – Frontera Energy

OilNOW -
Corentyne Block majority stakeholder, Frontera Energy, said the total cost of the Wei-1 well (including 2022 pre-drill costs and costs related to drilling delays) are forecast to be approximately US$160-$170 million. Frontera anticipates it will spend approximately US$120-$140 million on...
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