Production

Exploration

Guyana wells have high recovery rates, can be drilled faster than any other deepwater basin in the world

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The Guyana basin continues to shine with a range of world class attributes such as low breakeven prices, high quality crude and wells that are relatively shallow, which one co-venturer in the prolific Stabroek block says can be drilled...
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Total confirms plans underway to deliver first oil at Suriname Block 58 by 2025

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French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around five years after the first major discovery was made at Maka Central-1, mirroring the rapid...
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Reassembly of gas compressor completed, testing to begin – ExxonMobil

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ExxonMobil Guyana said this week that all rework and reassembly of the flash gas compressor that encountered challenges in January have been completed and the machine is now being prepared for testing at the MAN Energy Solutions workshop in...
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Experts finalizing recommendations for repair of discharge silencer

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Reassembly of the Liza Destiny FPSO flash gas compressor sent to Germany for repairs continues at the MAN Energy Solutions workshop. ExxonMobil Guyana said on Tuesday in an operations update that over the weekend, the MAN team completed adjustments to...
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Brazil’s Enauta restarts production well after shutting down to replace oil heaters

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(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22. The 7-ATL-4HB-RJS well was restarted after swapping out...
Exploration

Guyana pushing big volumes in South America deepwater bonanza

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South America continues to be a major player in the global arena for deepwater discoveries, with Guyana pushing big volumes and massive potential finds remaining. According to Norway based Rystad Energy, the South America/Caribbean region was the clear winner...
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No linkage between compressor issue, production optimization – ExxonMobil

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German engineering company MAN Energy Solutions says there is no linkage between technical issues encountered with the flash gas compressor on the Liza Destiny FPSO, and production optimization activities that were ongoing at the time the challenges were encountered. ExxonMobil...
News

Mechanical rework of Liza Destiny gas compressor underway

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ExxonMobil Guyana said on Tuesday technical experts in Germany continue to assess operating data and inspection findings in order to define the required scope of repairs to the compressor and silencer. This process also includes consideration of technical recommendations...
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Equinor says Norway oil production at risk from strike

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(Reuters) - A potential strike at Norway’s Mongstad oil storage and export terminal could close down major North Sea oilfields next week and also hit gas exports to Europe, operator Equinor said on Friday. The Safe labour union, which plans...
Exploration

Guyana among top 10 countries where subsea boosting can add millions of barrels of oil to output – Rystad Energy

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Subsea boosting, which is the most mature technology within the subsea processing toolbox, can add millions of barrels to recoverable reserves and Guyana has been identified as one of the top 10 countries where such an intervention can be adopted. Norway-based...
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Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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