ExxonMobil and co-venturers on the Stabroek Block, Hess and CNOOC, have affirmed that their commitment to Guyana extends beyond the oil and gas sector. The companies are investing billions of Guyana dollars in capacity-building and the economic development of...
The 6.6 million acres Stabroek block has been proven to have a working hydrocarbon system across different play types, delivering upwards of 9 billion barrels of oil equivalent since 2015. The 18 discoveries made by ExxonMobil out of 20...
Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which demonstrate a 90% exploration success rate in the prolific Guyana-Suriname basin.
The 18 discoveries so far...
Even as the global pandemic continues to cast a shadow on the oil and gas industry, its unprecedented effects have not eclipsed the attractiveness of Guyana’s world-class oil finds. In fact, it has served to highlight how advantaged the...
Six years after giving up its stake in the Stabroek Block offshore Guyana where operator ExxonMobil went on to make the first world class Liza discovery just months later, Shell is now looking to strike it big on the...
Hess Corporation said on Wednesday the development of hydrocarbon resources offshore Guyana now has the potential for up to 10 floating production storage and offloading (FPSOs) units particularly as the estimated gross discovered recoverable resources have increased to approximately...
Hess Corporation, a 30 percent stakeholder at the Stabroek Block offshore Guyana, said on Wednesday that the estimated gross discovered recoverable resources have been updated to approximately 9 billion barrels of oil equivalent (boe) on the block.
In releasing its...
According to the World Bank Global Gas Flaring Tracker Report released in July this year, the global average for flaring stands at 8.49 billion cubic meters as of 2019. Russia, Iraq, the United States, Iran and Venezuela are the top five countries...
President of ExxonMobil Guyana, Alistair Routledge, said on Wednesday approximately 20 percent of the more than 8 billion barrels of oil equivalent resources found so far at the prolific Stabroek Block, is natural gas.
“You'll be familiar with the 8 billion oil equivalent barrels of...
In its most recent report on Guyana, oil and gas industry analyst Wood Mackenzie says the Stabroek block fiscal terms ranks well compared to several other countries with similar circumstances regarding indicators such as State share, payback period and...
