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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...
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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...
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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...
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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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It would be ‘a very bad day’ if Venezuela attacks Guyana or Exxon’s Stabroek Block operations – U.S. Secretary of State says

Shikema Dey -
Marco Rubio, United States Secretary of State, has taken an assertive stance against Venezuelan President Nicolás Maduro's attempted bullyism of the South American nation. He said a conflict with Guyana or an attack on Exxon’s Stabroek Block would lead...
News

With more associated gas found in Stabroek Block, Exxon can now supply Guyana with 120 million cubic feet of gas – new Deepwater VP

Shikema Dey -
ExxonMobil said it has identified more associated gas resources in Guyana’s Stabroek Block to more than double its intended supply for the Gas-to-Energy project. J Hunter Farris, Exxon’s Senior Vice President, Deep Water made the announcement during a presentation at...
News

Exxon to target Hamlet-1 well in search of oil play in southeastern portion of Stabroek Block

Shikema Dey -
ExxonMobil is set to drill the Hamlet-1 exploration well this year as it pushes deeper into the southeastern part of the prolific Stabroek Block in search of a new oil play.  That portion - near the Suriname border - has...
News

Stabroek Block group could recover another US$13 billion in expenses this year

Kemol King -
With US$17.6 billion in crude exports projected for 2025, the Stabroek Block group could recover up to US$13.2 billion in expenses in 2025. The group—ExxonMobil, Hess, and CNOOC—has committed more than US$54 billion to explore and develop the Stabroek Block...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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