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Exploration

Koebi-1 fails to deliver commercial crude, but Stabroek bonanza grows

OilNOW -
The success rate at the Stabroek Block offshore Guyana remains unprecedented with significant hydrocarbon resources being found over the last year at previously announced discoveries. Even with disappointment at some of the wells, the overall oil strikes remain on...
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Crondall awarded Technical Consultant role for Liza Unity FPSO

OilNOW -
Crondall Energy Consultants Ltd will be supporting MUFG Bank Ltd as Lenders’ Technical Consultant for the Liza Unity FPSO project financing. The engineering, procurement, construction, and installation (EPCI) project is being undertaken by SBM Offshore for ExxonMobil’s second phase...
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For 36 days of flaring, Exxon will pay Guyana around US$1.3M – VP Jagdeo

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says ExxonMobil will pay the Government around US$1.3M for 36 days of flaring at the Liza Phase 1 Development operations, in keeping with new measures implemented by the Environmental Protection Agency (EPA). During a...
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ExxonMobil will not recover US$30 payment for flaring at Liza Phase 1 – EPA

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Guyana’s Environmental Protection Agency (EPA) has clarified that ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) will not recover the US$30 payment for CO2e emissions recently introduced in the modified Environmental Permit for the Liza Phase 1 Development. The...
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COVID-19 forces Saipem to postpone opening of construction facility in Guyana

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Saipem has postponed the opening of its state-of-the-art offshore construction facility in Guyana this month after essential staff were exposed to COVID-19. The event was scheduled to take place at the company’s Water St. Georgetown location on May 22. The Italian...
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Liza could be last major frontier oil play discovered in the world – Westwood

OilNOW -
The Guyana-Suriname basin is viewed by analysts in the oil and gas industry as potentially the last major frontier for billion-barrel plus deepwater discoveries. The world-class Liza discovery in 2015 was the biggest offshore oil strike made in a...
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Exxon in compliance with Liza 1 permit, supporting long-term flare management goals – Persaud

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With one FPSO in operation and a total of ten being targeted to develop the more than 9 billion barrels of oil equivalent resources found in Guyana, a long-term framework that includes flare management will be key to the...
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Proposed, sanctioned offshore developments to deliver over 800,000 bpd by 2025

OilNOW -
Guyana has gone from having no known oil resources just 6 years ago to now holding over 9 billion barrels of oil equivalent. The small South American country is now well on its way to becoming one of Latin...
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Yellowtail will be Guyana’s biggest offshore development to date with massive 250,000 bpd output – Project Summary

OilNOW -
The Yellowtail development, Guyana’s fourth deepwater petroleum production project, is targeting 250,000 barrels of oil per day, the largest volumes yet for a single development offshore the South American country. According to documents submitted to the Environmental Protection Agency by...
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Exxon submits application for giant Yellowtail development in Guyana deepwater province

OilNOW -
U.S. oil major ExxonMobil, operator at the prolific Stabroek Block offshore Guyana, has submitted an application to the Environmental Protection Agency (EPA) to undertake the Yellowtail Development. According to the EPA, the proposed project will be implemented in multiple stages...
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Spain-bound tanker departs Guyana with second Yellowtail cargo – OilX

The Nordic Zenith tanker has departed ExxonMobil Guyana’s ONE GUYANA floating production vessel with the second cargo of crude...

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