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Exploration

Rystad Energy says ‘numerous exploration prospects’ remain at giant Stabroek Block

OilNOW -
The prolific Stabroek Block offshore Guyana, covering an area of 6.6 million acres, still has multiple exploration prospects remaining with large swathes of the ExxonMobil-operated license still unexplored. This is despite the U.S. oil major and co-venturers Hess and...
Exploration

Stabroek Block – multiple prospects and play types

OilNOW -
The Stabroek Block, located approximately 120 miles offshore Guyana, covers an area of 6.6 million acres (26,800 square kilometers). The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional...
News

First 6 FPSOs can develop up to half of all oil found so far at Stabroek Block – ExxonMobil

OilNOW -
Updated August 22, 2021 Around 50 percent of the 9 billion barrels of oil equivalent discovered so far at the prolific Stabroek Block offshore Guyana can be developed by 6 Floating Production Storage and Offloading (FPSO) vessels and an additional...
News

Territorial hostilities delayed Exxon’s Stabroek Block campaign for years

OilNOW -
When ExxonMobil was awarded the Stabroek Block license in 1999 it did not immediately move to begin exploration activities. Offshore drilling in Guyana at the time was negatively affected by controversies with Suriname and Venezuela, its neighbors to the...
News

Why is finding oil outside of Stabroek block proving to be so challenging?

OilNOW -
U.S. oil major ExxonMobil hit pay on the very first well it drilled on the 6.6 million acres Stabroek block in 2015 and has maintained a success rate of around 80 percent ever since. But all efforts to find...
Exploration

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

OilNOW -
Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding any commercial hydrocarbons offshore Guyana. The level of uncertainty was so high that U.S. oil...
News

Drilling deeper Guyana wells at Stabroek Block a key objective for Hess this year

OilNOW -
A key drilling objective for Hess corporation in 2021 in Guyana's offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company's top executives said on April 28. Uaru-2, the most recent...
News

Stabroek Block co-venturer Hess ranked No. 1 energy company on 100 Best Corporate Citizens list

OilNOW -
Hess Corporation has once again copped the spot for the number one energy company on America’s 100 Best Corporate Citizens list which recognizes outstanding environmental, social and governance (ESG) performance. Though it secured a No. 35 ranking, the Stabroek Block...
Exploration

Multiple wells under drill bit at Stabroek Block as explorers look to identify 5th and 6th developments

OilNOW -
The planned exploration and appraisal drilling campaigns offshore Guyana are now in high gear with forays set to start and others ongoing at multiple wells in the 6.6 million acres Stabroek Block. OilNOW understands that the Stabroek Block exploration programme...
News

Exxon confirms Yellowtail as 4th development being targeted at Stabroek Block

OilNOW -
In announcing its 19th oil discovery at the Stabroek Block offshore Guyana on Tuesday, ExxonMobil also confirmed that it will be pursuing its fourth development in the Yellowtail area located 19 miles (30 kilometers) southeast of the Liza developments....
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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