22 C
Georgetown
Tuesday, January 26, 2021

Eco Atlantic upgrades oil and gas resources in Guyana field

Must Read

Search for more oil in Suriname underway at Tullow-operated Block 47

A new drill campaign is set to get underway by Tullow Oil offshore Suriname at the Goliathberg Voltzberg North-1...

Hess plugs over three-quarter billion dollars more into Guyana offshore operations

Hess Corporation on Monday announced its 2021 Exploration & Production capital and exploratory budget of $1.9 billion with more...

Baker Hughes expanding digital capabilities, reducing emissions in new order with Petrobras

Baker Hughes said on Friday an order has been confirmed with Petrobras to provide a suite of digital solutions...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(Reuters) – An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September, Eco said on Monday.

The Orinduik Block is located next to an Exxon Mobil field, which has an estimated 4 billion barrels of oil equivalent. The Exxon discovery made Guyana one of the world’s most closely watched oil basins.

Tullow, the operator of the Orinduik Block has 60 percent stake, Total has 25 percent and Eco Atlantic Oil and Gas has 15 percent.

1 COMMENT

  1. Great news. What is the economic contribution to Guyana as compared to Exxon Mobil and their contribution To the Guyana economy.

Comments are closed.

Latest News

Search for more oil in Suriname underway at Tullow-operated Block 47

A new drill campaign is set to get underway by Tullow Oil offshore Suriname at the Goliathberg Voltzberg North-1...

Hess plugs over three-quarter billion dollars more into Guyana offshore operations

Hess Corporation on Monday announced its 2021 Exploration & Production capital and exploratory budget of $1.9 billion with more than 41% allocated to offshore...

Baker Hughes expanding digital capabilities, reducing emissions in new order with Petrobras

Baker Hughes said on Friday an order has been confirmed with Petrobras to provide a suite of digital solutions across the state oil company’s...

2020 was costliest year in history for oil company bankruptcy filings

The combined debt of North American Exploration & Production (E&P) and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped...

Guyana sends note of protest to Venezuelan authorities over detention of fishing vessels

Guyana’s Minister of Foreign Affairs, Hugh Todd, on Monday transferred a protest note to the Venezuelan government over an incident that occurred on January...

More Articles Like This