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...
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...
Hess Corporation’s Chief Executive Officer (CEO), John Hess, said the market can look forward to a “major upgrade” to Guyana's Stabroek Block resource base which stands at 11 billion barrels of oil equivalent resources.
During his recent participation at the...
Hess Corporation, which holds a 30% stake in the Stabroek Block, reported on Wednesday that its net production in the offshore concession increased by 66,000 barrels of oil per day (bpd).
In its operational update on Guyana, the company said...
Offshore marine services company – Bourbon Guyana Inc. – currently has six vessels supporting oil and gas operations offshore in the Stabroek Block and those vessels will remain until the end of the decade.
Managing Director of the Company, Edward...
DOF Subsea has been awarded a NOK$2.7 billion (US$256.1 million) contract by ExxonMobil to execute works in Guyana’s offshore Stabroek Block where 11 billion barrels of oil-equivalent have already been discovered.
DOF Subsea said the contract will last three years...
Before China National Offshore Oil Corporation (CNOOC) and Hess Corp. partnered with ExxonMobil to become the Stabroek Block co-venturers we know today, there was Shell.
The British multinational held a 50% stake with Exxon, but the company opted to leave...
Hess Corporation, which holds a 30% working interest in the Stabroek Block, is positioned to experience one of the fastest growth rates of any large oil company through 2026. Highlighting this was an analysis published by Seeking Alpha, a...
With close to 11 billion oil-equivalent barrels discovered in the Stabroek Block offshore Guyana, ExxonMobil is forging ahead with development plans, in keeping with the objective of the government to bring the resources to market in the shortest time...
Recently updated information from Guyana’s Petroleum Management Programme shows Stabroek Block oil production averaging 372,000 barrels per day (bpd) for the period August 1-15, 2022.
Production in this period reached its lowest on August 4 with just over 245,000 bpd,...
