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Exxon awards contract to Magseis Fairfield for geophysical work in Stabroek Block

OilNOW -
Oslo-listed marine seismic survey firm, Magseis Fairfield, has been awarded a contract by ExxonMobil Guyana to conduct geophysical work in the Stabroek Block. According to Magseis, the contract is for a “large Ocean Bottom Node (OBN) project”, to be conducted using its ZXPLR...
News

Exxon says potential exists to tie new oil finds at Stabroek Block into existing projects

OilNOW -
Production Manager for ExxonMobil Guyana, Mike Ryan, said there is potential to tie new discoveries at the Stabroek Block into existing offshore projects. The use of this engineering process, called subsea tieback, is a move that saves companies a fraction...
News

Stabroek Block one of the most unprecedented exploration blocks of all time – Rystad official

OilNOW -
Guyana’s exploration successes have been so frequent that the Stabroek Block is being hailed as one of the most unprecedented exploration blocks of all time. Making this comment most recently was Senior Vice President and Head of Latin America and...
Exploration

100M-barrel Jethro well could be Guyana’s first oil production project outside Stabroek Block

OilNOW -
The fallout from Russia's invasion of Ukraine has resulted in a spike in oil prices. Now, the Orinduik Block partners - Eco Atlantic, Tullow Oil, TotalEnergies and Qatar Energy - plan to revisit the commercialisation potential of the Jethro...
News

Stabroek Block agreement equitable for both government, investors – Exxon

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, says that the Stabroek Block Production Sharing Agreement (PSA) is one that is equitable to both Guyana and the consortium of investors. Routledge pointed this out in a recently published article by a...
News

With seven successive hits, Exxon targeting five more wells for 2022 at Stabroek Block

OilNOW -
ExxonMobil’s 2022 campaign in Guyana’s prolific Stabroek Block has been nothing short of exemplary; the oil major and its partners Hess and CNOOC have had seven consecutive discoveries that have all been commercial finds. And with just five more months...
Exploration

Impact study required for 35-well campaign at Stabroek Block – EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) said in a notice over the weekend that an Environmental Impact Assessment (EIA) of the cumulative effects of a 35-well campaign proposed by ExxonMobil at the Stabroek Block, is required before a determination can...
Opinions

Review of the consolidated financials of the Stabroek Block co-venturers

OilNOW -
By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...
News

Stabroek Block royalties not part of cost oil – Guyana tax boss

OilNOW -
Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia said on Saturday that royalties paid by the Stabroek Block consortium are not allowable in the calculation of cost oil. The tax boss explained this in response to “misinformation” in the...
News

Exxon says Guyana will not be saddled with decommissioning costs for Stabroek Block projects

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) is making it clear that Guyana will not be left to handle the decommissioning costs associated with the multibillion-dollar Stabroek Block projects. Decommissioning encompasses the safe dismantling of the project infrastructure at...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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