Patwa-1 is the latest prospect to be targeted by ExxonMobil at the Stabroek Block offshore Guyana where over 10 billion barrels of oil equivalent resources have already been found. OilNOW understands the Noble Sam Croft will be engaged in drilling...

By the third quarter of this year, Guyanese authorities plan to auction the nation’s remaining offshore oil blocks to international oil companies (IOC) marking a shift from the country’s earlier awards of production sharing contracts (PSCs) based on direct...

To date, there have been more than 20 major discoveries in the ExxonMobil-operated Stabroek Block offshore Guyana. The largest of them by depth is Lau Lau-1 which was announced on January 5 by the American multinational. The Lau Lau-1 well...

With over 10 billion barrels of oil equivalent resources discovered at Guyana’s Stabroek Block since 2015, operator ExxonMobil has sanctioned around 560,000 barrels per day (bpd) so far and is set to add another 250,000 when its largest project...

China National Offshore Oil Corporation (CNOOC) which has a 25 percent working interest in the Stabroek Block, outlined on Tuesday, key details of its 2022 business strategy. The company said that it has 13 new projects coming on stream that...

For a country with no known oil resources just over six years ago, Guyana has emerged as a growing giant in the deepwater arena, catapulting to number 17 on the top 20 list of countries by oil reserves and...

South American oil giant, Brazil, and Guyana, the world's hottest exploration hotspot with an incredible string of discoveries in the Stabroek Block, are poised to deepen their bilateral relations. Towards this end, Guyana's President, Dr. Irfaan Ali held a teleconference...

Brazil's state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana. According to Petrobras reservoir executive...

While the recent Fangtooth-1 discovery augments the list of over 20 significant finds in the Stabroek Block by operator ExxonMobil, its value should not be overlooked or underappreciated, says Hess Corporation’s Chief Executive Officer (CEO), John Hess. During Goldman Sachs’...

The Government of Guyana is inviting highly qualified consultancy firms to submit technical and financial proposals for the review and evaluation of ExxonMobil’s Field Development Plan (FDP) for its US$9B Yellowtail Project which is targeting 250,000 barrels of oil...