When one considers the industry leading breakevens, the high-quality reservoirs, and the free cash flow that will be generated annually, there is no doubt that Guyana’s Stabroek Block is truly “the motherload” says Hess Corporation’s Chief Operating Officer, Greg...
ExxonMobil's affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has approached the Guyana Government for an extension on its Stabroek Block exploration licence due to the COVID-19 pandemic. This is according to Hess Corporation which holds a 30 percent...
Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL), has indicated that there will be a potential increase in demand for lodging in the Georgetown area as work on its development projects come on stream.
This was specifically noted...
The vast crude reservoirs found at the Stabroek Block offshore Guyana, home to over nine billion barrels of oil equivalent discovered since 2015, consist of light, sweet, high-quality oil-bearing sand, making it easier to extract and refine with less...
CNOOC Limited, a 25% stakeholder in Guyana’s Stabroek Block, announced on Thursday that it has made a large-sized oil discovery at the Kenli 10-2 oilfield located in Laizhou Bay Sag in Southern Bohai Bay at an average water depth...
An extensive exploration and appraisal drilling programme being carried out at the Stabroek Block this year has so far delivered a series of discoveries that will push the 9 billion plus barrels of oil equivalent higher even as the...
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...
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...
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...
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...
