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DSIC launches Errea Wittu FPSO for ExxonMobil’s Stabroek Block

OilNOW -
Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel, Upstream Online said on Dec. 26.  It is the fifth FPSO designed for ExxonMobil’s Stabroek Block offshore Guyana. Errea Wittu FPSO hull...
News

Exxon confirms Longtail could be 8th Stabroek Block development

Shikema Dey -
Once its Hammerhead development is off the ground, ExxonMobil Guyana President Alistair Routledge said the company intends to target Longtail next. Routledge confirmed this on a recent Energy Perspectives podcast.  “Even earlier this week, I think the Minister of Natural Resources,...
News

Guyanese group hired to audit Stabroek Block expenses for 2021-2023 period

OilNOW -
A Guyanese group, VHE Consulting, was hired to audit Stabroek Block expenses for the period 2021-2023, Guyana’s National Procurement and Tender Administration Board (NPTAB) said.  The Ministry of Natural Resources awarded the US$1.5 million (GY$312.6 million) contract on October 10...
News

Exxon continuing geotechnical survey operations at Stabroek Block

OilNOW -
ExxonMobil Guyana Limited (EMGL) is set to continue geotechnical survey operations at the Stabroek Block offshore Guyana.  According to a notice from Guyana’s Maritime Administration Department (MARAD), the survey, which will use the vessels SV Fugro Explorer and SV Fugro...
News

Stability crucial for US$55 billion investment in Stabroek Block

OilNOW -
By 2027, US$55 billion would have been invested in oil and gas projects in Guyana by ExxonMobil and its co-venturers Hess and CNOOC. This commitment is based on the terms of the 2016 Stabroek Block Production Sharing Agreement. “Any change...
News

No Stabroek Block crude is used for offshore operations – ExxonMobil Guyana clarifies

OilNOW -
ExxonMobil Guyana Limited (EMGL) has put on record that no crude produced in the Stabroek Block is utilised for its operations there.  The Friday afternoon statement from Exxon sought to clarify a local media report that questioned how many barrels...
News

Ranger still holds ranking as Exxon’s deepest well drilled in Guyana’s Stabroek Block 

OilNOW -
ExxonMobil has made over 30 discoveries in Guyana’s Stabroek Block, but none have managed to boot the Ranger-1 well from its rank as the deepest to ever be drilled. The Ranger discovery, made in 2018,...
News

Exxon to return portion of Stabroek Block to State: here’s what’s not included

OilNOW -
ExxonMobil is set to relinquish a portion of the 6.6-million-acre Stabroek Block in October, as it moves on to the final phase of the exploration period. The petroleum agreement governing operations at this block dictates that Exxon should relinquish at...
News

Guyana to contract audit of Exxon’s Stabroek Block 2021-2023 expenses by September 

OilNOW -
Guyana's Minister of Natural Resources, Vickram Bharrat, said the government is on track to issue a contract award in September for the audit of Stabroek Block expenses for the period 2021-2023.  “We’re looking at the same model where we can...
Exploration

Stabroek Block reserve estimate now stands at 11.6 billion barrels – Guyana oil minister

OilNOW -
The ExxonMobil-operated Stabroek Block offshore Guyana is estimated to hold 11.6 billion barrels of oil equivalent resources. Minister of Natural Resources, Vickram Bharrat, shared the updated figure during an August 14 press conference in Georgetown.  It represents the first change from...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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