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Guyanese firms among bidders to audit Exxon’s 2021-2023 Stabroek Block expenses

OilNOW -
Guyana’s National Procurement and Tender Administration Board (NPTAB) recorded three bids for the provision of consulting services to verify Stabroek Block expenses. Specifically, the services include a cost recovery audit and validation of the Government of Guyana’s profit oil...
News

Stabroek Block produced over 18 million barrels in January 

Kemol King -
In January, three projects at the ExxonMobil-operated Stabroek Block offshore Guyana produced 18.7 million barrels of oil.  The projects collectively averaged 602,000 barrels per day (b/d). However, based on their individual peaks, the projects demonstrate the ability to produce collectively...
News

Noble Sam Croft drilling Hatchetfish-1 well at Stabroek Block

OilNOW -
The Noble Sam Croft vessel is currently undertaking drilling operations at the Hatchetfish-1 well in Guyana’s Stabroek Block, operated by ExxonMobil.  According to the Maritime Administration Department (MARAD) the drillship is being assisted by 23 vessels. Those include Deep Ocean’s...
News

Dispute over Hess stake in Stabroek block could lock Chevron out of Guyana

Kemol King -
A dispute over Hess Corporation's stake in the Stabroek block off the coast of Guyana threatens to sideline Chevron Corporation from its planned acquisition of Hess, potentially locking it out of Guyana. Chevron announced the agreement with Hess Corporation...
News

Exxon mulling options for Guyana’s 7th Stabroek Block project; potential gas development in play 

Shikema Dey -
Could Guyana’s seventh Stabroek Block development be based on another oil discovery, or perhaps, the first offshore gas project? Operator ExxonMobil has not decided. Why? According to its President, Alistair Routledge, “We have more than one horse in the...
News

Jagdeo hopes to wrap up audits of 24 years of Stabroek block expenses by yearend 

OilNOW -
Mid-2024, the Guyana government plans to contract an auditor to verify expenses claimed by the Stabroek block consortium for the period 2021-2023. This will add to two ongoing audit processes for expenses for the periods 1999-2017 and 2018-2020.  Vice President Bharrat...
News

Stabroek block co-venturers to publish 2023 financials in Q224

OilNOW -
ExxonMobil, Hess, and CNOOC will publish financial reports of the 2023 earnings of their Guyana affiliates in the second quarter of 2024, said ExxonMobil Guyana President Alistair Routledge during a Feb. 7 press conference.  He was asked to provide a...
News

Exxon targeting two new wells west of Liza and Payara at prolific Stabroek Block

Kemol King -
ExxonMobil Guyana President Alistair Routledge said the company has identified two drilling targets west of the Liza and Payara discoveries. “We plan to drill two exploration wells west of Liza and Payara. The Trumpetfish and Redmouth exploration wells are planned...
News

Stabroek Block production ramp-up expected to move faster – Darren Woods

Shikema Dey -
The optimization of production at the ExxonMobil-operated Stabroek Block offshore Guyana has been unprecedented and this can be increased even further.  ExxonMobil's Chief Executive Officer (CEO), Darren Woods says the company’s “design one, build many” concept is a huge factor...
News

OMNI Helicopters hits one year mark, over 50,000 passengers transported for Exxon’s Stabroek block operations 

OilNOW -
Since its first flight on Jan. 1, 2023 - six weeks ahead of schedule, OMNI Helicopters Guyana Incorporated (OHGI) has built a resilient team with 60 Guyanese in its employ.  Hitting the one-year existence mark, OHGI boasted of conducting 2,300...
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Suriname’s GranMorgu FPSO enters fabrication phase 

SBM Offshore has begun fabrication of the GranMorgu floating production, storage and offloading (FPSO) vessel. On May 20, the...

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