22 C
Georgetown
Wednesday, February 24, 2021

Exxon looking to move ahead with 4th development at Stabroek Block

Must Read

Government working with Exxon to ensure early solution to gas compressor issue – Bharrat

The Guyana government is working with ExxonMobil to ensure that the faulty third stage gas compressor now under repairs...

SBM Offshore is sole bidder for giant Brazil FPSO

Brazil’s state-controlled oil company Petrobras received only one proposal, from Dutch floater specialist SBM Offshore, in a bid to...

100 million b/d global oil demand rebound likely by year end

(S&P Global Platts) Global oil demand is expected to recover to pre-pandemic levels of around 100 million b/d by...
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.

ExxonMobil, operator at the 6.6 million acres Stabroek Block offshore Guyana is looking to move ahead with its fourth development in the South American country at the Hammerhead field. This latest development will follow the Liza Phase 1 and 2 projects and a third development at Payara, which is awaiting final approval from authorities.

According to a notice in the local press from the Environmental Protection Agency, the proposed project will be implemented in multiple stages which include well drillings and completions, mobilization and installation of subsea equipment, umbilicals, risers and flowlines (SURF), installation of a floating production, storage and offloading (FPSO) facility, production operations, and decommissioning.

The EPA said the proposed project will be undertaken in the marine offshore environment within Guyana’s territorial waters and would require land-based activities for support activities at marine shorebases. As a result of the intended developmental activities, possible effects to the environment may include impacts on marine water quality, air quality, marine fauna, socio-economic resources, among others.

The EPA reminded that am Environmental Impact Assessment (EIA) would be required for this project as have been the case for previous proposed developments offshore.

Hammerhead is the 9th discovery to have been made at Stabroek Block which experts said opened a new play that potentially unlocks a pathway for the emergence of a multi-billion-barrel province.

The Hammerhead-1 well encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir after being drilled by the Stena Carron in August 2018.

 

Latest News

Government working with Exxon to ensure early solution to gas compressor issue – Bharrat

The Guyana government is working with ExxonMobil to ensure that the faulty third stage gas compressor now under repairs...

SBM Offshore is sole bidder for giant Brazil FPSO

Brazil’s state-controlled oil company Petrobras received only one proposal, from Dutch floater specialist SBM Offshore, in a bid to construct the Mero 4 oil...

100 million b/d global oil demand rebound likely by year end

(S&P Global Platts) Global oil demand is expected to recover to pre-pandemic levels of around 100 million b/d by the end of the year...

Value of Saudi oil exports fell nearly 30% in December

(Reuters) - The value of Saudi Arabia’s oil exports in December dropped nearly 30%, or 19.5 billion riyals ($5.2 billion), compared with the year...

Experts finalizing recommendations for repair of discharge silencer

Reassembly of the Liza Destiny FPSO flash gas compressor sent to Germany for repairs continues at the MAN Energy Solutions workshop. ExxonMobil Guyana said on...

More Articles Like This