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ExxonMobil estimate now exceeds 4 billion barrels; eyeing 750,000 bpd

OilNOW -
ExxonMobil Corporation said on Monday its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana has increased to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development...
News

Rystad estimates Ranger could contain 346 million barrels of oil

OilNOW -
While the updated estimated total recoverable reserves in the Stabroek Block offshore Guyana is being assessed by US oil major ExxonMobil, Norway-based Rystad Energy has put forward estimates of its own for all wells where crude has been found...
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ExxonMobil seeking to prequalify contractors for head office construction in Guyana

OilNOW -
US oil giant ExxonMobil’s local subsidiary Esso Exploration and Production (Guyana) Limited has published a Request for Information for general contracting services, with a view to gathering the relevant data on the market for contractors for the construction of...
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Rystad joins Wood Mack in 700,000 bpd production estimate for Guyana

OilNOW -
Guyana is expected to rank among the thirty largest nations for offshore oil services by the 2020’s and has the potential to produce up to 700,000 barrels of oil per day if all of the current discoveries are made...
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Guyana has more barrels of oil per capita than any country in the world – Rystad Analyst

OilNOW -
With eight commercial oil discoveries made since 2015 and just two dry holes, Guyana’s success rate stands at a record 80% while the industry average is 35% in general and 20% for frontier regions. Senior Analyst at Norway-based Rystad Energy,...
News

Rystad Analyst: “We need to incentivize people to come and invest’

OilNOW -
Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
News

Consultations on EIA for Liza Phase 2 begin in Guyana

OilNOW -
Public consultations on the draft Environmental Impact Assessment (EIA) report for the Liza Phase 2 development got underway in Georgetown on Monday. A series of these meetings will take place over the next two weeks at various locations across...
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Potential for more oil discoveries in Guyana at all-time high – Industry Analyst

OilNOW -
Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
News

SBM awarded contract for second Liza FPSO in Guyana

OilNOW -
SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
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Hess sells off interest in Utica shale to help fund Guyana, Bakken projects

OilNOW -
Hess Corporation (NYSE:HES)  announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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