Exploration

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....

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...

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...

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...

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...

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 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...