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ExxonMobil begins drilling at Haimara; major development options seen at Turbot

US oil major ExxonMobil said on Monday that it has begun drilling the Haimara-1 exploration well offshore the South American country of Guyana - the first of two planned wells in January. The Stena Carron drillship is drilling the well,...

Liza Phase 1 moves into ‘peak execution’ – ExxonMobil

ExxonMobil said on Monday that work on the Liza Phase 1 development offshore Guyana is progressing and has moved into its peak execution phase ahead of expected startup in early 2020. “Drilling of development wells in the Liza field is...

Venezuela urged to back off as Guyana vows to continue offshore exploration, development

Guyana’s Foreign Minister, Carl Greenidge, said on Thursday that the oil-rich South American country has no intention of slowing down offshore exploration and development activities and reiterated that companies operating in the Stabroek Block will continue to execute their...

Venezuela made “reckless attempt” to land chopper on ExxonMobil survey vessel – Guyana Foreign Minister

In what is being described as a reckless and illegal act, Foreign Minister of Guyana, Carl Greenidge, disclosed on Thursday that the Venezuelan navy attempted to land a chopper on a survey vessel contracted by US oil major ExxonMobil,...

CNOOC Limited’s Egina Field commences production

CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production. The company...

Guyana’s tenth oil discovery makes her a future Latin American powerhouse

(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...

ExxonMobil says exploration and development drilling in Guyana unaffected following Venezuela navy incident

ExxonMobil said on Wednesday that drilling and development operations offshore Guyana are unaffected by an incident which occurred on Saturday, December 22, in which survey vessels contracted by the company were intercepted in the Stabroek Block by the Venezuelan navy. In...

“Not a squeak from CARICOM” on Venezuela’s latest threat to Guyana’s sovereignty – Persaud

Almost three days after Venezuela’s navy intercepted a survey vessel contracted to ExxonMobil operating in the western portion of Guyana’s Stabroek Block, the 15-member CARICOM body of which Guyana is a founder-member, is yet to issue a statement on...

US says Guyana has sovereign right to explore resources offshore as country files complaint with UN

The United States Department of State on Sunday said through its Deputy Spokesperson, Robert Palladino, that the South American country of Guyana has the sovereign right to explore resources off its coastline. The statement comes in response to what Guyana has...

Guyana plans to lodge complaint with UN over ‘illegal, hostile interception’ of ExxonMobil vessel by Venezuelan navy

Guyana said on Saturday evening that it will be lodging a formal complaint with the United Nations over what it described as an “illegal, aggressive and hostile act” perpetrated by the Government of Venezuela which saw the interception of...

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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 —...