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Guyana 15th in the world in terms of deposits – Ambassador Holloway

OilNOW -
Outgoing US Ambassador to Guyana Perry Holloway said that while things are happening in the Guyanese economy due to the emerging oil and gas sector, people still do not realise how big the Guyana offshore oil discoveries are -...
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Longtail, Turbot, Pluma and Tilapia could be jointly developed with 220,000 bpd FPSO

OilNOW -
ExxonMobil and its partners Hess and CNOOC are turning their attention to the Tilapia prospect, located some 3.4 miles (5.5 kilometers) west of the Longtail-1 well in the prolific 6.6 million acres Stabroek Block offshore Guyana. Industry analyst Wood...
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Guyana on track to produce 1 million bpd; could eventually surpass Venezuela/Mexico – WoodMac

OilNOW -
Oil and gas industry analyst Wood Mackenzie says Guyana could surpass Venezuela and Mexico in its oil production thanks to ExxonMobil’s run of success in oil exploration and noted that the country is on the path to becoming a...
News

Eco Atlantic, partners to drill Jethro-Lobe well offshore Guyana in May

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. on Wednesday December 5, 2018 announced details of its 2019 drilling programme for Guyana’s offshore Orinduik Block, with the first well – the Jethro-Lobe prospect - being planned for drilling in May 2019. The...
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CGX Energy, Frontera in joint venture to explore ‘most exciting offshore basin in the world’

OilNOW -
CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned...
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ExxonMobil’s 10th discovery should not be seen as “just another announcement” – Dr. Bynoe

OilNOW -
ExxonMobil’s 10th offshore discovery should not be seen as “just another announcement,” according to Director of the Government’s Energy Department in Guyana, Dr. Mark Bynoe. The US oil giant on Monday announced its latest discovery at the Pluma-1 well –bringing...
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ExxonMobil makes 10th discovery offshore Guyana

OilNOW -
US oil major ExxonMobil has made yet another discovery off the Guyana coast at the Pluma well making it a record 10 finds so far since the world class Liza discovery announced in May 2015. Director of Guyana’s Department of...
News

Eco Atlantic ‘fully funded to drill’ with completion of Total farm-out in Guyana

OilNOW -
Eco (Atlantic) Oil & Gas Ltd which has licenses in highly prospective regions offshore Guyana and Namibia, announced on Thursday the completion of its Farm-Out Agreement with Total Petroleum's subsidiary Total E&P Activités Pétrolières on Eco's Orinduik block, offshore...
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38.5 billion earmarked for infrastructure development ahead of first oil

OilNOW -
Guyana’s Finance Minister, Winston Jordan, announced on Monday that 38.5 billion Guyana dollars – around US$183M – has been earmarked for major infrastructure development works in the South American country ahead of first oil in 2020. Mr. Jordan said this...
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Favourable reservoir conditions and break-evens for development make Guyana a safe bet

OilNOW -
US oil major ExxonMobil is rapidly developing vast oil reserves discovered off the Guyana coast in what analysts say are ideal conditions for a solid return on investment that will result in massive revenue for the company and its...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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