Production

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Guyana is key contributor to 100-million-barrel liquids production forecast

OilNOW -
Specialist market research and consultancy firm Westwood Global Energy Group says liquids production (crude, condensate and NGLs) is forecast at 100mmbpd by 2030, up 8% on 2022. This will be driven by increased crude production from deepwater areas, such...
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Robust measures in place for offloading crude at Payara as first oil nears

OilNOW -
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...
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Guyana produced over 90 million barrels of oil in first eight months of 2023

Kemol King -
ExxonMobil’s Stabroek Block projects have produced approximately 91 million barrels of crude, according to data from the Ministry of Natural Resources’ Petroleum Management Programme. Average output for the year is approximately 377,850 barrels per day (bpd). Liza 2, in...
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Touchstone delivers first gas from Cascadura project in Trinidad

OilNOW -
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...
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Stabroek Block supplied 12 million crude barrels to market in July

Kemol King -
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,...
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Petrobras adds 80,000 bpd to Campos basin output

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

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

OilNOW -
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...
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Noble rig conducting operations at Payara as first oil nears

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

Kemol King -
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...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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