Production

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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...
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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...
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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...
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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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Feb. Data: Production steady at Exxon’s Stabroek Block projects

Kemol King -
Data from Guyana’s Ministry of Natural Resources indicates that in the month of February, ExxonMobil’s Liza 1 and 2 developments demonstrated the steadiest output at their respective peak ranges since production began. Payara was also stable with just a...
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Government, opposition refute claims Guyana not getting full royalties

OilNOW -
Representatives of both the Guyana government and main opposition party on Thursday refuted claims that Stabroek Block co-venturers ExxonMobil, Hess and CNOOC are shortchanging the country in quarterly royalty payments.  Economic Advisor in the opposition party, Elson Low, said that...
News

Stabroek Block produced over 18 million barrels in January 

Kemol King -
In January, three projects at the ExxonMobil-operated Stabroek Block offshore Guyana produced 18.7 million barrels of oil.  The projects collectively averaged 602,000 barrels per day (b/d). However, based on their individual peaks, the projects demonstrate the ability to produce collectively...
News

Guyana oil production could reach almost 1.5 million bpd by 2027

Kemol King -
Although ExxonMobil has said it is targeting 1.2 million barrels of oil per day (bpd) by 2027 at the Stabroek Block offshore Guyana, this output could actually edge closer to 1.5 million bpd based on current trends, and projections...
News

Guyana oil production peaked at 589,000 b/d in December 2023 

Kemol King -
The Stabroek block in Guyana produced 589,000 barrels on December 26, 2023 from three projects - Liza 1 (155,000 barrels), Liza 2 (253,000 barrels), and Payara (181,000 barrels).  This marks the highest total production from the Stabroek block, thanks to...
News

SBM Offshore-built FPSO goes into production at Brazil’s Mero field

OilNOW -
State-owned Brazilian multinational corporation Petrobras announced on Sunday that oil production got underway at the Sepetiba platform, in the Mero field, Libra block, in the pre-salt of the Santos Basin. The company said this is Mero's third production system, with...
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