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Study confirms Guyana would remain carbon sink at peak Stabroek Block operations

Kemol King -
A new Environmental Impact Assessment (EIA) published by Guyana’s Environmental Protection Agency (EPA) has confirmed that even with ExxonMobil’s aggressive development plans, the country’s carbon sink status would remain. Basically, Guyana’s forests remove a lot more greenhouse gas (GHG) emissions...
News

More than a billion barrels discovered at Stabroek Block in 2022

Kemol King -
Westwood Global Energy Group estimates that all nine discoveries made by ExxonMobil in the Stabroek Block last year were high impact, each amounting to more than 100 million barrels of oil equivalent. The firm also determined that the Barreleye, Patwa,...
Exploration

Stabroek Block co-venturers targeting Fangtooth for 7th development

Shikema Dey -
ExxonMobil’s Fangtooth discovery is being targeted for the seventh development offshore Guyana at the prolific 6.6 million acres Stabroek Block. The magnitude of the reservoir is likely to facilitate a standalone Floating Production Storage and Offloading vessel.  This disclosure was...
News

Six Stabroek Block oil finds among the world’s 12 most valuable of 2022

OilNOW -
S&P Global has determined that six discoveries made in Guyana’s Stabroek Block, are among the 12 most valuable oil discoveries made in 2022. In descending order, these are Lau Lau-1, Seabob-1, Barreleye-1, Fangtooth-1, Kiru Kiru-1 and Sailfin-1. They were ranked...
News

Exxon looking to process 3D seismic data ahead of Stabroek Block multi-well campaign

OilNOW -
ExxonMobil Guyana is looking to hire a firm to provide marine 3D seismic data processing services within the South American nation’s offshore Stabroek Block. A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) plans...
News

Egyptian firm among three vying to review upcoming Stabroek Block FDP

OilNOW -
Stratoil, an Egypt-based oilfield services company was among three that entered bids to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru. Bayphase Ltd. and De Godhyer & Mac Naughton were the other two. Bayphase had...
News

Stabroek Block PSA terms enable mega projects at industry-leading standard- stakeholder

OilNOW -
While Guyanese authorities are criticised for the "generous" fiscal terms in the Stabroek Block Production Sharing Agreement (PSA), those very terms are being recognised for unlocking what is now the most low-cost, high-return resource base of the decade. Speaking at the ...
News

Hess’ carbon credits could ‘offset’ Stabroek Block emissions for a decade

OilNOW -
Texas-based Welligence Energy Analytics has projected that Hess’ forest credits deal with the Guyana government, will buy up more carbon dioxide equivalents (CO2e) than is estimated to be emitted from the Stabroek Block in the same period (2022-2032). The planned purchase by Hess...
News

Resource-dense Stabroek Block offers tremendous scope for tie-backs – Hess Chief

OilNOW -
With Guyana’s Stabroek Block being such a resource dense concession, ExxonMobil Guyana and its partners see great potential for tie-backs that could lengthen the lifespan of varying projects. This was noted by Chief Executive Officer (CEO), John Hess during the Bank of America...
Exploration

Exxon plans to target reservoirs at 18,000 ft in Stabroek Block next year

OilNOW -
ExxonMobil is expected to spend the next year and a half looking for the most optimal oil-rich reservoirs trapped some 18,000 feet deep in the Stabroek Block. This was recently revealed by co-venturer on the concession, Hess Corporation. Specifically, the...
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Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company...

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