ExxonMobil submits application for Kaieteur block activities

Must Read

Local content requirements must be flexible, realistic – Angele Ramsaransing-Karg

Countries which lack the necessary skills and experience in the oil and gas industry run the risk...

Preparing Guyanese women for opportunities in oil and gas a top priority for local NGO

Guyanese Non-Governmental Organization (NGO), Women in Oil and Gas, is seeking to change age-old stereotypes about the...

Guyana oil revenue will more than double T&T’s and quadruple Suriname’s – Rystad Energy

The South American country of Guyana is on course to receive the highest estimated total income from...
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 has submitted a block-wide application for environmental authorization to conduct oil and natural gas activities on the deepwater Kaieteur block, company spokesman Todd Spitler is quoted as saying in an S&P Global Platts report this week.

The Kaieteur block is located approximately 155 miles (approximately 250 kilometers) offshore the coast of Guyana, adjacent to the Stabroek Block, covering an area of approximately 3.3 million acres.

Last year, ExxonMobil conducted an Environmental Baseline Survey on the block in an area approximately 130 nautical miles offshore covering some 5,800 square kilometers.

Spitler said the company will prioritize drilling operations to deliver on Liza Phases 1 and 2 project objectives while also enabling continued exploration and appraisal work to deliver long-term value.

“We are also prioritizing key exploration opportunities along with appraisal wells to further understand the resource base in our three offshore blocks (Stabroek, Canje and Kaieteur),” he is quoted as saying.

Significantly, the Kaieteur block lies in the same geological basin as the Stabroek Block, where total recoverable resources of more than 8 billion barrels of oil equivalent have been discovered to date.

- Advertisement -

Latest News

Preparing Guyanese women for opportunities in oil and gas a top priority for local NGO

Guyanese Non-Governmental Organization (NGO), Women in Oil and Gas, is seeking to change age-old stereotypes about the...

Local content requirements must be flexible, realistic – Angele Ramsaransing-Karg

Countries which lack the necessary skills and experience in the oil and gas industry run the risk of slowing down development of...

Venezuela buying fuel from Iran with plane loads of gold

Venezuela has reportedly obtained fuel from Iran in return for plane loads of gold, according to comments which have been attributed to...

Keppel reviewing offshore business, plans to sell between S$3-5 billion of assets

Keppel Corporation Limited (Keppel) said Tuesday it plans to unlock value from S$3-5 billion of assets over the next 3 years as...

Oil falls as virus count mounts, U.S. debate looms

(Reuters) - Oil prices fell on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and...

More Articles Like This