Production

Robust measures in place for offloading crude at Payara as first oil nears

Guyana’s Environmental Protection Agency (EPA) has put in place a series of robust measures to guide the Prosperity floating production storage and offloading (FPSO) vessel’s offloading operations for ExxonMobil’s Payara development project. The project, set to come online soon, is...

Touchstone delivers first gas from Cascadura project in Trinidad

Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...

Stabroek Block supplied 12 million crude barrels to market in July

In July 2023, the Liza projects at Guyana's Stabroek Block continued to demonstrate reliable production. An analysis of data supplied by the Ministry of Natural Resources shows that the projects collectively averaged 387,620 barrels per day (bpd) in July,...

Petrobras adds 80,000 bpd to Campos basin output

Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil. The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...

Steady output at Liza projects in June delivered highest daily volumes yet

The Stabroek Block’s Liza projects delivered steady volumes at peak levels in June 2023, resulting in the highest daily volumes yet.  Liza Phase 1 delivered 154,790 barrels per day (bpd), totaling 4.3 million barrels over the full month. Liza Phase...

With a population roughly that of Nottingham, Guyana on the verge of producing more oil per person than anywhere else in the world –...

Based on current output across the region, Guyana is expected to become the second-largest oil producer in South America after Brazil, with its oil production projected to reach 1.2 million barrels per day (bpd) by 2027. When it reaches...

Noble rig conducting operations at Payara as first oil nears

Development drilling operations remain in high gear at ExxonMobil’s latest project off the Guyana coast, set to come online later this year. The Noble Bob Douglas will conduct activities which will conclude on August 31, according to a notice from...

Highest to date: Liza field output was 11.6 million barrels in May 2023

ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.  May output also...

SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...

Liza 2 was second highest producing project in South America in 2022 – GlobalData

Data analytics and information service, GlobalData, said ExxonMobil’s Liza Phase 2 project offshore Guyana had the second-highest oil and condensate production in South America in 2022. It expects the project to produce until 2043. Below is a chart showing the...

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Guyana charters 36 MW powership to meet increased power demand for next two years – GPL

State electricity company, Guyana Power and Light (GPL) has entered into a two-year contract with Urbacon Concessions Investments, W.L.L...