Exploration

Exploration

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

OilNOW -
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 -
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...
Exploration

More than two dozen high impact wells planned for Guyana, other hotspots for 2023

OilNOW -
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...
Exploration

Norwegian company confirms ‘largest discovery on the shelf’ for 2022

OilNOW -
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...
Exploration

TotalEnergies and Eni make new gas discovery offshore Cyprus

OilNOW -
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....
Exploration

Exxon aiming for jackpot at Tarpon-1 offshore Guyana

OilNOW -
ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...
Exploration

TotalEnergies comes up dry again at Suriname’s most promising block

OilNOW -
APA Corporation, a 50% stakeholder in the offshore Block 58, provided updates on operations, Monday. The most recent exploration well drilled by operator, TotalEnergies, is non-commercial. Titled Awari, the well is situated in the previously untested northwest portion of Block...
Exploration

UPDATE: CGX Wei-1 well to be drilled by January 31

OilNOW -
CGX Energy Inc’s Wei-1 prospect is expected to be drilled no later than January 31, 2023 the company said in an update on Monday. Barring delays, the new timeline has been accepted by the Guyana government and CGX outlined its...
Exploration

Exxon plans to target reservoirs at 18,000 ft in Stabroek Block next year

OilNOW -
ExxonMobil is expected to spend the next year and a half looking for the most optimal oil-rich reservoirs trapped some 18,000 feet deep in the Stabroek Block. This was recently revealed by co-venturer on the concession, Hess Corporation. Specifically, the...
Exploration

UK firm confident Exxon, Tullow will hit jackpot at several Guyana blocks soon

OilNOW -
Since 2019, UK energy investment firm, Westmount Energy Limited has participated indirectly via its investee companies in the drilling of exploration wells on the Kaieteur, Canje, and Orinduik Blocks. While those efforts have not produced a commercial, standalone discovery,...
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Guyana could issue two licences this year: one for oil and one for gas

The Guyana government has set a target in its 2025 plan to issue two petroleum licenses. According to Vickram...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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