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Guyana welcomes the announcement made today by ExxonMobil – Ministry of Natural Resources

The Ministry of Natural Resources today issued a press release in response to the announcement made by ExxonMobil regarding the discovery of more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs at their Snoek well. The text of the...

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Major oil companies focus on ultra-deepwater in Guyana’s offshore expansion, but why?

Ultra-deepwater oil operations involve drilling in water depths greater than 5,000 feet (1,524 meters), where production takes place far...