Production

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Bringing Hammerhead gas to shore among considerations for Exxon

OilNOW -
ExxonMobil is considering multiple alternative options for the associated gas from the proposed Hammerhead oil development.  Hammerhead, which is currently being reviewed for regulatory approval, would be the seventh Stabroek Block project. For the prior six developments, the associated gas...
News

Exxon’s Uaru and Whiptail projects could each target up to 275,000 b/d 

OilNOW -
ExxonMobil’s Uaru and Whiptail projects are each targeting an initial production range of 220,000-275,000 barrels per day (b/d), according to a document distributed at the company’s recent public meeting in Georgetown.  Uaru and Whiptail are the fifth and sixth oil...
Guyana's Oil Ledger

Payara soars, boosting Guyana’s oil production outlook 

Kemol King -
Oil production at ExxonMobil’s Payara development has been optimized in record time, delivering oil output in excess of 250,000 barrels per day (b/d) in its eighth month of production. Payara, which achieved first oil in November 2023, first reached its...
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Future oil growth likely centered in Guyana-Suriname, GlobalData finds

OilNOW -
The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted...
News

Guyana’s May oil output hits new monthly record 

Kemol King -
Oil production at ExxonMobil’s Guyana projects hit a combined 19.6 million barrels in May, the highest monthly volume yet, government data shows. In May, the Liza 1 project averaged 154,000 barrels per day (b/d), totaling 4.78 million barrels. This project...
News

SBM Offshore’s Fast4Ward hull reserved by TotalEnergies for Suriname’s first oil development

OilNOW -
TotalEnergies has reserved SBM Offshore's Fast4Ward® hull for its first development offshore Suriname. SBM Offshore made the announcement on Thursday. "SBM Offshore is pleased to announce that, in partnership with Technip Energies, and in line with the Front End Engineering and...
News

Trinidad hopeful existing gas infrastructure gives it edge over rising stars Guyana and Suriname

Kemol King -
Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...
News

Guyana’s April oil output is second highest on record

Kemol King -
Oil production offshore Guyana averaged 625,000 barrels per day (b/d) in April, with a monthly total of 18.76 million barrels, according to data published by the government. In both respects, April saw the second highest monthly on record after...
News

Hess says exploration planned this year for Suriname blocks at Guyana border

OilNOW -
Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes - Block 42 and Block 59. The note is part of the company’s annual report filed with the U.S. Securities and Exchange...
News

Guyana oil production jumps 38% in first quarter

Kemol King -
Guyana’s Stabroek Block jumped 38% in overall oil production in the first quarter of 2024, compared to the prior quarter.  In the fourth quarter of 2023, the three ExxonMobil-operated projects (Liza 1, 2 and Payara) collectively delivered 40.3 million barrels...
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Second phase of Berbice training facility progressing with extended timeline

The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant,...

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