Saturday, January 28, 2023

Production

Exxon wrapped up Guyana operations in 2022 with 11.5 million barrels in December

Closing out 2022, ExxonMobil produced 11.5 million barrels of oil from the Stabroek Block Liza projects, averaging 371,400 barrels per day (bpd). From Liza Phase 1, the Liza Destiny floating production, storage, and offloading (FPSO) vessel extracted 4.286 million barrels,...

‘Biodegradation risk’ could hamper some of Guyana’s offshore developments – S&P Global

Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...

Guyana has raked in over US$1.1 billion in oil revenue so far this year

As of November 30, Guyana received US$1.17 billion from oil sales and royalties so far this year, according to reports from the Central Bank. The sale of 10 lifts in the period, representing Guyana’s share of profit oil, returned US$1.015...

Petrobras hits first oil at Itapu field offshore Rio

Brazil’s Petrobras has started production on its newest vessel – the P-71 at the Itapu field, located in the Santos Basin pre-salt area. Petrobras said that the floating production, storage and offloading (FPSO) vessel, docked 200 kilometres off the coast...

Project to develop up to 76 wells will push Guyana’s output above 1 million bpd milestone

ExxonMobil Guyana is seeking Environmental Authorisation for a proposed fifth deep water petroleum development project in the eastern portion of the Stabroek Block offshore the South American country, in the Uaru, Mako and Snoek Fields. The project, which will consist...

bpTT hits first gas at Cassia C Project

BP Trinidad and Tobago LLC (bpTT) has confirmed that its Cassia C development has safely delivered first gas. The project is expected to produce, at peak, about 200-300 million standard cubic feet a day of gas. Production will go towards...

Guyana delivering over 10 million barrels of oil per month to world market racked by shortages

The radical re-organisation of energy markets continues to pose a challenging task, nine months after Russia first invaded Ukraine. At a time when these markets are wallowing in thirst for crude barrels from friendly producers, Guyana’s quickly growing global...

Guyana oil production hits highest recorded output in September

Guyana’s oil production hit a massive 391.98 thousand barrels of oil per day on September 23 this year, making it the highest output ever recorded since production began in 2019 at the ExxonMobil-operated Stabroek Block. This has been made possible...

Hess’ net Stabroek Block output jumps 66,000 bpd; 8 million barrels sold in third quarter

Hess Corporation, which holds a 30% stake in the Stabroek Block, reported on Wednesday that its net production in the offshore concession increased by 66,000 barrels of oil per day (bpd). In its operational update on Guyana, the company said...

Exxon produced 10.989 million barrels of oil offshore Guyana in September

ExxonMobil’s Guyana projects, Liza Phases 1 and 2, produced 10.989 million barrels of crude for the month of September 2022. This averaged approximately 366,310 barrels of crude per day (bpd). In comparison, the total August production was 11.309 million barrels...

Latest News

PROSPERITY UPDATES: FPSO to set sail for Guyana in Q1 2023 – Hess

The Prosperity floating production, storage, and offloading (FPSO) vessel is expected to set sail from the Keppel shipyard in...