The massive Stabroek Block offshore Guyana along with the adjacent Canje and Kaieteur Blocks could deliver around 15 billion barrels of oil equivalent as more exploration campaigns get underway in the coming months.
“Production of crude oil over the whole region will ramp up dramatically in the course of the next few years,” says Edward Cooper, General Manager of Bourbon Guyana, a marine vessel service provider on contract with ExxonMobil.
Exxon makes new Guyana discovery, increases resource to 10 billion barrels
“The largest operator is ExxonMobil, in a consortium with Hess and CNOOC, with the Stabroek, Canje and Kaieteur blocks expected to total approximately 15 billion barrels of reserves,” Cooper said.
The head of Bourbon Guyana operations said Stabroek is a 37-well project, 15 of which are now ongoing.
“The other blocks in the region owned by the ExxonMobil consortium are Canje, which consists of 15 wells of which 3 are ongoing, and Kaieteur, which is slated to start up in March 2022,” he stated.
Exxon targeting 12-well bonanza at Kaieteur Block
Exxon has applied to Guyana authorities for approval for two major campaigns at the Canje and Kaieteur Blocks that will see the oil major targeting around 12 wells in each block in a major ramp up in exploration drilling offshore the South American country.
Exxon targeting 2022 start-up for major 12-well campaign at Canje Block
Bourbon, which has around 6 vessels operating in Guyana, provides marine and logistics as well as subsea services to the global oil and gas industry. The company officially opened an office in Guyana in May of 2019 and has been expanding its operations in the country since then.
