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Guyana set to benefit from US$50 billion in project sanctioning spread across 10 FPSOs – Rystad Energy

OilNOW -
US oil major ExxonMobil is projected to expend around US$50 billion in project sanctioning over the next 10 years for its offshore development activities in Guyana, according to Norway-based energy research and business intelligence company, Rystad Energy. Of the 16...
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Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza – Staatsolie MD

OilNOW -
Suriname state oil company Staatsolie would like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the Liza discovery in Guyana which operator ExxonMobil was able to move to first oil in...
News

Drill campaign for Liza phase 2 development continues

OilNOW -
ExxonMobil, operator at the Stabroek Block offshore Guyana, is moving forward with its development drilling operations for phase 2 of the Liza project. The Noble Tom Madden and Bob Douglas are currently drilling development wells just over 100 nautical miles...
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Guyana’s economic take-off tied to development of multi-billion-barrel oil resources

OilNOW -
Guyana’s positive economic outlook even in face of the coronavirus pandemic is based on the development of several billion barrels of discovered oil resources and the impact this is expected to have on the economy. Should these resources remain...
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Liza production to hit peak in August as water and gas injection come online – Hess

OilNOW -
Two additional high-quality reservoirs identified at Yellowtail-2 ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block. This will see production...
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Lead environmental consultants for Guyana offshore developments enter strategic partnership

OilNOW -
ERM Guyana Inc., an affiliate of ERM, said Wednesday it has entered an agreement with Guyana-based Environmental Management Consultants (EMC) to formalize the relationship between the two entities to provide environmental and socioeconomic support in Guyana, with a particular...
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CNOOC starts production at Luda development project

OilNOW -
China’s state oil company CNOOC has began production at the Luda 21-2/16-3 regional development, located Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal. CNOOC said the average...
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19 companies shortlisted for lifting Guyana’s Liza Crude

OilNOW -
South America’s newest oil producer, Guyana, is one step closer to hiring a firm to market its share of Liza Crude. The Department of Energy (DE) had issued an invitation for Expression of Interest in February 2020 which saw 34...
News

Liza Destiny FPSO designed to avoid routine flaring

OilNOW -
The 120,000 barrels per day Liza Destiny FPSO producing oil at the Stabroek Block offshore Guyana was designed to ensure there is no routine flaring in the daily operations of the vessel. Operating processes during production operations include safely flowing...
News

Liza Destiny FPSO begins reinjecting gas

OilNOW -
Reinjection of gas has commenced at the Liza Phase 1 development after a period of flaring that lasted longer than anticipated due to challenges encountered with a gas compressor for the Liza Destiny FPSO. Head of the Environmental Protection Agency...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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