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Signing contracts ahead of development approvals minimise cost overruns and lengthy delays

The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval is not unusual since such works require lengthy lead times for planning, design and construction. So...

GTT CEO urges Guyanese to focus on creating wealth, prosperity for self and family

The CEO of the largest telecommunications company in Guyana is urging Guyanese to carefully consider how becoming an oil producing nation will significantly transform the country which has gone from having no known oil resources to more than 6...

Guyana engaging oil companies to close skills gap

Head of Guyana’s Department of Energy (DE) Dr Mark Bynoe says a large part of the Department’s engagement with oil companies is their contribution to education as part of the larger agenda for the South American country’s national development. Speaking...

ExxonMobil engages UG students on geology of South American Basin

At a two-day workshop on South America Basin Analysis and Hydrocarbon Systems for University of Guyana Geology students, ExxonMobil geo scientists delved into details of its exploration work exposing the students to the possible careers that they can aspire...

ExxonMobil briefs City Council on Guyana offshore operations

As first oil from the giant Liza field offshore Guyana draws near, ExxonMobil – operator in the 6.6 million acres Stabroek block - updated officials of the Georgetown Mayor and City Council on the company’s operations in the South...

Total announces first oil from Brazil’s offshore Iara license

French oil giant Total announced on Friday first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt in Brazil. According to a press release from the company, this development marks the start-up of the P-68,...

Saipem clinches subsea contract for Payara project

ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded a subsea contract to Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana, at a water depth of around 2000 metres. Saipem said on...

Gas could be piped to shore by 2023 to power Guyana’s domestic needs

Associated gas deposits which have been found with the significant oil discoveries made offshore Guyana could be piped to shore as early as 2023 to help generate electricity to fulfil the South American country’s domestic needs. While the priority, as...

SBM Offshore secures contracts for 3rd Guyana FPSO

SBM Offshore said on Thursday ExxonMobil Guyana has awarded the Company contracts to perform Front End Engineering and Design (FEED) for the Floating Production, Storage and Offloading vessel (FPSO) for the Payara development project located in the Stabroek block...

Liza Unity hull 85 percent complete

The hull for the Liza Unity FPSO – Guyana’s second oil production complex – is now 85% complete as work on the 220,000 barrels per day vessel that will be producing oil from the Liza Phase 2 Development project...

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What happens to the parts of Guyana’s offshore blocks that contractors give back?

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana —...