22 C
Georgetown
Wednesday, July 28, 2021

Eco Atlantic upgrades oil and gas resources in Guyana field

Must Read

Hess significantly reduces losses in Q2, Guyana activities advancing

Hess Corporation which holds a 30 percent working interest in the Stabroek Block offshore Guyana, disclosed today that it...

Multi-billion-dollar ‘Port of Vreed-en-Hoop’ facility in the works

Guyanese company NRG Holdings Inc. plans to establish a multi-billion-dollar multi-purpose port facility dubbed the ‘Port of Vreed-en-Hoop’ that...

BREAKING: Exxon makes another major oil discovery offshore Guyana

ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered...
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

OilNOW TV

Latest News

Hess significantly reduces losses in Q2, Guyana activities advancing

Hess Corporation which holds a 30 percent working interest in the Stabroek Block offshore Guyana, disclosed today that it...

BREAKING: Exxon makes another major oil discovery offshore Guyana

ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of...

Exxon seeking support vessels for Guyana operations

ExxonMobil Guyana plans to put in place an enabling agreement for the provision and operation of Multi-Purpose Support Vessels (MPSVs), Platform Support Vessels (PSVs),...

Multi-billion-dollar ‘Port of Vreed-en-Hoop’ facility in the works

Guyanese company NRG Holdings Inc. plans to establish a multi-billion-dollar multi-purpose port facility dubbed the ‘Port of Vreed-en-Hoop’ that will feature a major shore...

Company building Guyana FPSOs moving forward with floating wind project offshore UK

SBM Offshore announced on Tuesday that The Crown Estate has confirmed an intention to move forward with the lease process for two 100MW floating...

More Articles Like This