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Guyana’s Stabroek Block produced 11.5 million barrels of crude in January 2023

Kemol King -
ExxonMobil produced 11.5 million barrels of crude oil from the Stabroek Block’s Liza projects in January, marking a strong open to 2023. Production averaged 372,000 barrels per day (bpd), according to data from Guyana’s Petroleum Management Programme. The Liza Phase...
News

Much of Guyana’s 17 trillion cubic feet of gas at southeastern part of Stabroek Block

OilNOW -
Guyana’s hydrocarbon discoveries with considerable portions of natural gas are in the southeastern part of the Stabroek Block near the border with Suriname, according to a Ministry of Natural Resources map published in its 2023 Energy Brief. Guyana’s Finance Minister,...
News

Stabroek Block oil producers pay Guyana US$58 million in 4Q22 royalties

OilNOW -
ExxonMobil, Hess and CNOOC have paid up US$57.6 million (GY$12 billion) in quarterly royalties to the Guyana government, a January report of the Natural Resource Fund indicated. This represents 26% of Guyana’s projected royalties for 2023. The royalties account for...
News

Exxon waiting on “material improvement” before revising Stabroek Block resource count

OilNOW -
ExxonMobil has been quickly racking up discoveries in Guyana’s offshore Stabroek Block with nine alone in 2022. Yet, no revision has been made to the resource count. At present, Exxon said it has discovered close to 11 billion oil equivalent...
News

FEED work commences on sixth Stabroek Block project

OilNOW -
Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony Jackson said Thursday. The company had faced criticism several years ago when it was announced that a FEED contract was issued...
News

Value of Stabroek Block discoveries manifesting itself in country – Exxon CEO

OilNOW -
ExxonMobil’s Chairman and Chief Executive Officer (CEO) Darren Woods believes that the value created by its successes in Guyana are being manifested locally.  Addressing investors during the company’s recent Q4 Earnings Call, he stated “...the importance of that resource and...
News

Final audit report on Stabroek Block costs due in March – Bharrat

Kemol King -
An audit, launched in May 2022 of Stabroek Block costs submitted for the period 2018-2020, is due to wrap up in March this year, Guyana’s Minister of Natural Resources, Vickram Bharrat said Tuesday. There was a misconception, Bharrat explained, that...
Exploration

Ten wells planned for Stabroek Block in 2023 – Hess

OilNOW -
The Stabroek Block co-venturers intend to drill 10 exploration and appraisal wells there in 2023, Chief Executive Officer of Hess Corporation, John Hess said Tuesday. “We continue to see multibillion barrels of additional exploration potential on the Stabroek Block,” Hess...
News

Secondary lane of discoveries in Stabroek Block could be pursued this year – Rystad Energy

Shikema Dey -
ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1. And according to Rystad Energy, more discoveries will come over the next several years, with...
News

TT Chamber apologises for map of Stabroek Block overlapping into Venezuela

OilNOW -
The Trinidad and Tobago Energy Chamber has issued an apology after a map displayed during its Energy Conference this week showed a portion of Guyana’s Stabroek Block extending over the Guyana/Venezuela border. The Chamber said the “erroneous” map was developed...
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Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI...

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