Guyana and Suriname have had substantial natural gas reserves discovered in the basin, altogether estimated at a whopping 29.5 trillion cubic feet. According to ExxonMobil, the operator of the Stabroek Block offshore Guyana, of the 11 billion oil-equivalent barrels...
If ExxonMobil opts not to move ahead with gas development, in line with the Guyana government’s wishes, the prospects will be reallocated, said Vice President Bharrat Jagdeo.
During a May 24 press conference, Jagdeo said work is being done to...
China's oil and gas giant CNOOC Limited has expanded its operations with new petroleum exploration and production concession contracts (EPCCs) in Mozambique. The company gained access to five offshore blocks, covering approximately 29,000 square kilometers, with water depths ranging...
Norway’s Rystad Energy sees Suriname’s first standalone gas project potentially materializing as early as 2031, at the Petronas-operated Block 52.
Aiding the Block 52 operator is the 10-year tax break it got from the South American nation in a recent...
Luiz Hayum, a principal analyst with Wood Mackenzie's Latin America upstream research team, sees Guyana’s oil bounty raking in huge sums for the ExxonMobil-led consortium and the government.
“Our valuation for Stabroek’s ten-FPSO development is over US$150 billion at US$65/barrel...
ExxonMobil Guyana is forging ahead with its Stabroek Block drilling program with two appraisal wells being targeted at the Haimara gas field, discovered five years ago.
This is according to a document published in Guyana’s Official Gazette.
The program includes the...
Consultancy Group, Wood Mackenzie puts Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf).
Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million...
Petronas has added to Suriname’s oil bounty with a new discovery in Block 52 at the Fusaea-1 exploration well.
The prospect is located about 170 kilometers offshore and nine kilometers east of Roystonea-1, the company said today.
“The favorable results attained...
SBM Offshore is seeking to hire Guyanese fabricators once again to support the construction of a floating production, storage and offloading (FPSO) vessel for another ExxonMobil development at the Stabroek Block.
Guyana Deep Water Operations Incorporated, an affiliate of SBM...
The Noble Voyager drillship has commenced drilling at the Sloanea-2 well at Block 52, Staatsolie told OilNOW.
This follows the completion of drilling operations at the Fusaea-1 well.
Petronas has opted to extend its contract with Noble Corporation for the Voyager...
