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Exxon’s deepest wells drilled in the Stabroek Block after Ranger

OilNOW -
Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1, announced in January 2018, remains the deepest discovery in the block. It was drilled to a depth of 21,161 feet...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

OilNOW -
A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset offshore Guyana, according to a Reuters report this week.  The ruling by the Paris-based International Chamber of Commerce (ICC) will determine...
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Exxon gives back portion of Stabroek Block to Guyana government

OilNOW -
ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the government, fulfilling a contractual obligation to return a portion of the licensed area at a key juncture, the Ministry of...
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ExxonMobil drilling Hamlet-1 well in gas-rich southeastern Stabroek Block

OilNOW -
ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near the Suriname border has yielded more natural gas than oil in previous discoveries. The Guyanese government is prioritizing the development of...
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Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

OilNOW -
ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru, Mako, and Snoek oil fields - to a single production facility. Tiebacks, by industry definition, transport hydrocarbons from seabed wells to...
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Ranking the giants: Largest oil discoveries in Guyana’s Stabroek Block after Liza

OilNOW -
Since ExxonMobil’s historic Liza discovery in 2015, the Stabroek Block offshore Guyana has yielded a string of world-class oil finds. While Liza remains the biggest discovery to date, several subsequent wells have encountered major oil-bearing reservoirs. Liza was the biggest,...
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Hess’ Q1 production from Stabroek Block averaged 183,000 b/d 

OilNOW -
Hess Corporation reported that its net production from the Stabroek Block averaged 183,000 barrels of oil per day (b/d) in the first quarter of 2025. That’s down slightly from 190,000 b/d in the same period last year, due mainly...
News

Exxon to relinquish 9% of Stabroek Block acreage

OilNOW -
ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of Natural Resources. The Stabroek Block, spanning 26,800 square kilometers, is the centerpiece of Guyana’s deepwater oil...
News

Exxon seismic survey at Stabroek Block to continue through 2025

OilNOW -
ExxonMobil Guyana Limited will continue its Ocean Bottom Node Seismic Surveying operations in Guyana’s Exclusive Economic Zone until December 31, 2025. The activities are being conducted at the Stabroek Block where the company is the operator. According to a...
News

Stabroek Block delivered 8 successful wells in 2024 – Hess

OilNOW -
ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”, Hess said. There was “one unsuccessful exploration well for which the well costs were expensed.”  This...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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