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Guyana could account for 7% of ExxonMobil’s overall production by 2027

OilNOW -
Guyana is becoming increasingly important to ExxonMobil’s portfolio and could account for 7 percent of its overall production by 2027. Tom Ellacott, Senior Vice President, Corporate Research at Wood Mackenzie says the South American country “is really going from strength...
News

Guyana oil reserves now exceed 4 billion barrels; daily estimated production to hit 700,000 – Wood Mack

OilNOW -
UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of oil per day by 2027 while estimating total recoverable reserves in the Stabroek Block to...
News

Jack up and semi-submersible rig options look promising for Eco Atlantic – Colin Kinley

OilNOW -
Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana reflect very positive economics for development. Kinley said, "Exxon's Longtail-1 discovery in the Stabroek Block, further...
Exploration

Hammerhead is next stop for Stena Carron as oil search continues offshore Guyana

OilNOW -
Fresh off of its eight oil discovery offshore Guyana, ExxonMobil is set to continue its exploration campaign at Hammerhead-1 in the 6.6 million acres Stabroek Block. Senior Director, Public and Government Affairs, Kimberly Brasington, said the Stena Carron will soon...
News

Increased shorebase services will be needed for Liza Phase 2

OilNOW -
As plans continue for the much bigger Liza Phase 2 development project in Guyana, more opportunity will be created for shorebase facilities to service the rapidly expanding activities in the 6.6 million acres Stabroek Block. The Liza field will be...
News

Third drillship for Guyana waters as 500 mmbl more added to bounty

OilNOW -
Country Manager of ExxonMobil Guyana, Rod Henson, says the eighth oil find offshore Guyana leading to the addition of more than 500 million barrels of oil to the current estimated recoverable reserves which exceed 3.2 billion barrels will see...
News

ExxonMobil makes 8th discovery in Guyana

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) said on Wednesday it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters)...
News

Liza Phase 1 development progressing rapidly – ExxonMobil

OilNOW -
The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said on Tuesday. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production...
News

Liza Destiny contractor ramping up human resources in Guyana

OilNOW -
ExxonMobil’s prime contractor SBM Offshore; the company that is building the Floating, Production, Storage and Offloading Vessel (FPSO) for oil production in Guyana, is looking to fill a number of positions as preparation for first oil gets underway. Through its...
News

Guyana should fast track offshore licensing ahead of any ICJ moratorium

OilNOW -
An official familiar with the Guyana-Venezuela border controversy and the move to the International Court of Justice (ICJ) for a hearing and resolution of the matter believes that all efforts should be made by Guyana to green-light as much...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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