Exploration

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

Shikema Dey - March 2, 2023

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 - March 1, 2023

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 - February 19, 2023

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 - February 16, 2023

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 - February 4, 2023

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...

Exploration

Ten wells planned for Stabroek Block in 2023 – Hess

OilNOW - January 30, 2023

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...

Exploration

CGX begins drilling operations at Wei-1

OilNOW - January 23, 2023

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...

Exploration

Stabroek Block co-venturers targeting Fangtooth for 7th development

Shikema Dey - January 7, 2023

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...

Exploration

‘Biodegradation risk’ could hamper some of Guyana’s offshore developments – S&P Global

OilNOW - January 3, 2023

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...

Exploration

Exxon looking to deliver more pay as drilling operations continue at Tarpon, Fangtooth

OilNOW - January 2, 2023

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...

1...567...55 Page 6 of 55