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Exploration

ExxonMobil acquires over 1.7 million acres offshore Egypt

OilNOW -
ExxonMobil said Monday it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward...
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Liza Phase 1 rapid start-up good news for oil industry – Wells Fargo

OilNOW -
From discovery in 2015 to start of oil production less than five years later, the rapid start-up of the Liza Phase 1 Development is good news for the global oil industry says a senior analyst at US multinational financial...
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Liza Crude could break into US Gulf Coast, European markets – S&P Global

OilNOW -
With an API of 32.1 degrees and sulfur content of 0.510 percent, the crude now being produced at the Liza Phase 1 Development offshore Guyana could see interest from buyers on the US Gulf Coast and those in locations...
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ExxonMobil makes 15th discovery offshore Guyana at Mako-1 well

OilNOW -
ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more...
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Liza Phase 1 oil production to ramp up in coming months – ExxonMobil

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ExxonMobil says it plans to slowly ramp-up oil production in the coming months at its first development offshore the South American country of Guyana where daily output at peak is expected to hit 120,000 barrels per day. The company announced...
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Liza Destiny FPSO formally on hire as Guyana set to become significant oil producer

OilNOW -
Dutch floater specialist SBM Offshore said on Monday it stands ready to play a key role in making a contribution towards the South American country of Guyana becoming a significant oil producer as it generates value for ExxonMobil in...
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Guyana’s 1st floating oil complex moored in position for decades of oil production

OilNOW -
Stretching from Quamina Street in downtown Georgetown all the way to New Market Street, some 1,115 feet away, the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel, at its highest point, is taller than the St. George’s Cathedral. The...
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Measures to introduce Liza grade crude to market consistent with Petroleum Agreement – Dr. Bynoe

OilNOW -
As Guyana gears up for oil production, possibly within days, the Department of Energy (DE) is pursuing discussions with a few companies for the potential placement of the country’s first 3 cargoes from its entitlement, as part of measures...
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Signing contracts ahead of development approvals minimise cost overruns and lengthy delays

OilNOW -
The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval is not unusual since such works require lengthy lead times for planning, design and construction. So...
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Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

OilNOW -
More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
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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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