Exploration

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...
Exploration

UK threatens fines for operators who fall short of drilling obligations

OilNOW -
Britain’s oil and gas regulator – North Sea Transition Authority (NSTA) – on Friday issued a warning to the industry that it would not hesitate to take action against companies that fail to meet their licence obligations. The warning was...
Exploration

With nine Guyana discoveries so far, 2022 marks best exploration year for Stabroek co-venturers

Shikema Dey -
With two new discoveries announced on Wednesday, 2022 is being referred to as the best exploration year in Guyana for the ExxonMobil-led co-venturers. Exxon has a 45% stake in the 6.6 million acres Stabroek Block, with Hess Corporation holding 30% and...
Exploration

Exxon conducting more drilling operations at Fangtooth, looking to increase pay

OilNOW -
Drilling operations are set to continue at the Fangtooth reservoir in the Stabroek Block offshore Guyana. Operator of the block, ExxonMobil, is utilizing the Stena Carron rig for this latest operation. OilNOW understands the well site is situated approximately 100.8...
Exploration

Orinduik partners to target exploration well early 2023 – Eco Atlantic

OilNOW -
The partners in the Orinduik Block offshore Guyana are targeting an exploration well in early 2023, according to a report from 15% stakeholder, Eco Atlantic Oil & Gas. This well is expected to be drilled in the second renewal period...
Exploration

Guyana’s oil-related foreign direct investments were US$4.4 billion in 2021 – Report

OilNOW -
In 2018, Guyana’s rapidly expanding hydrocarbons sector paved the way for significant capital inflows, accounting for 28.8% of Gross Domestic Product (GDP). This was noted in a report prepared by the International Monetary Fund (IMF). The financial institution was pleased...
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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...

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