Exploration

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,...
Exploration

Exploration results show emergence of deeper plays in Guyana-Suriname basin – Westmount Energy

OilNOW -
Exploration drilling results for the Guyana-Suriname basin support the presence of extensive and deeper plays. This much is evident to Westmount Energy, a UK-based investment firm with exposure in several blocks in the basin. Westmount said one only ought to...
Exploration

Decision soon on bids for Trinidad deepwater auction – Energy Minister

OilNOW -
The government of Trinidad and Tobago is expected to issue a decision on the lone four bids it got from its recent deepwater oil block auction which saw 17 blocks up for grabs. Energy Minister, Stuart Young, recently made the disclosure. Young told...
Exploration

Yet another delay for spudding of CGX’s highly anticipated Wei-1 well

OilNOW -
Owing to another delay, this time at no fault of its own, CGX Energy has revised the spud window for its Wei-1 prospect in the Corentyne Block to between December 2022 and late January 2023. In its operational update on...
Exploration

Exxon conducting baseline survey at Guyana’s largest oil block

OilNOW -
Offshore supply ship HOS Brass Ring is one of several vessels supporting an Environmental Baseline and Geotechnical Survey operation at the ExxonMobil-operated Stabroek Block offshore Guyana. The vessel departed from Carenage, Trinidad and Tobago, last Wednesday and arrived in...
Exploration

Exxon targeting more wells in its biggest year for discoveries offshore Guyana

OilNOW -
Following the announcement last week of two more discoveries at Sailfin-1 and Yarrow-1 in the ExxonMobil-operated Stabroek Block, the hunt for more high-quality oil resources is now set to continue at the Fish-1 and Lancetfish-1 prospects offshore the South...
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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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