The resource potential of the Guyana-Suriname basin where ExxonMobil has to date made a total of 19 discoveries (18 in Guyana and 1 in Suriname) is estimated to contain more than 18 billion barrels of oil equivalent resources, the...
Originally published in the Geological Society of Trinidad and Tobago (GSTT) HAMMER Magazine – February 2021
The CARICOM region is now one of the hot spots globally for oil and gas activity, with most of the drilling taking place in Guyana...
The Government of Guyana has applied for financing in the amount of US$20 million from the World Bank toward the cost of the Guyana Petroleum Resources Governance and Management Project (GPRGMP) and it intends to apply part of the...
Even though the Canje block’s wildcat - Bulletwood-1 - did not result in a commercial discovery, ExxonMobil and its partners, Hess Corporation and CNOOC are still laser-focused on their exploration and appraisal work which will continue on the prolific...
The drill campaign at the Bulletwood-1 prospect on the ExxonMobil-operated Canje Block has concluded and according to preliminary results, the well encountered quality reservoirs but non-commercial hydrocarbons.
“Bulletwood-1, the first well in the Canje block has confirmed our seismic interpretation...
Guyana Oil and Gas Support Services Inc. (GOGSSI) is the second local company to be recognized in as many days for providing fabrication services for the Prosperity Floating Production Storage and Offloading (FPSO) vessel being built by SBM Offshore...
ExxonMobil Guyana is planning to put in place an enabling agreement for project shore base facilities, equipment, and services to support future projects in the new South American oil producing country.
The energy company is looking to identify Contractors who...
Suriname is forging ahead with its offshore oil and gas exploration activities and is targeting 2025 for first oil in a rapid production ramp up similar to its western neighbour Guyana where oil production began just under 5 years...
Colombia, which holds regular licensing rounds to invite investment in its upstream sector, has recently undertaken what National Hydrocarbons Agency President Jose Armando Zamora called a "full review of our contract offering for bidding rounds," building on its attractiveness...
Some are calling it the last major hydrocarbon frontier while others see it as the Holy Grail of oil and gas. The Guyana Suriname Basin (GSB) has now become a major hotspot for petroleum exploration and production and is...
