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...
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...
The Stabroek Block co-venturers intend to drill 10 exploration and appraisal wells there in 2023, Chief Executive Officer of Hess Corporation, John Hess said Tuesday.
“We continue to see multibillion barrels of additional exploration potential on the Stabroek Block,” Hess...
The Wei-1 well in the Corentyne Block 200 kilometres offshore Guyana has been spud, CGX Energy said Monday morning. The Noble Discoverer arrived days ago from Trinidad and Tobago. The Wei-1 exploration well is expected to take approximately 4-5...
ExxonMobil’s Fangtooth discovery is being targeted for the seventh development offshore Guyana at the prolific 6.6 million acres Stabroek Block. The magnitude of the reservoir is likely to facilitate a standalone Floating Production Storage and Offloading vessel.
This disclosure was...
Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...
ExxonMobil’s campaign to find more hydrocarbons at Guyana’s largest block remains in high gear at the start of 2023 with exploration drilling operations continuing at the Tarpon and Fangtooth well sites.
According to a notice from the Maritime Administration Department...
S&P Global says there will be almost 30 high impact wells (HIW) being drilled across Latin America, Africa, and the Asia Pacific regions in 2023. It said there will be fewer wells planned in Europe, frontier North America, and the...
Norway-based Vår Energi ASA has confirmed a discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea.
The company said on Friday that preliminary estimates of the size of the discovery are...
TotalEnergies and Eni (operator) have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022....