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Stabroek block exploration holds potential surprises following Chevron’s ‘strategic move’ in Guyana – WoodMac 

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Consultancy Group Wood Mackenzie said that the exploration landscape in Guyana’s Stabroek block is poised for unexpected and positive results, following Chevron’s acquisition of Hess.  “After Chevron´s strategic move in Guyana, exploration in Stabroek block can still surprise with good...
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Government to seek out auditor for 2020-2023 Stabroek block expenses – VP

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Plans are underway to commence the audit of Stabroek block expenses incurred by ExxonMobil, Hess and CNOOC for the period 2020-2023, said Vice President Bharrat Jagdeo.  “We are … going out to tender soon for the audit up to the...
API

Guyana govt. eyes Stabroek block partners’ nearshoring jobs to give economy US$60 million annual boost

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Guyana’s President, Dr. Irfaan Ali, recently disclosed his interest in bringing closer to these shores some 2000 jobs the ExxonMobil-led consortium in the Stabroek Block contracts overseas. The Head of State believes giving these jobs to locals could lead...
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Saipem Guyana Inc. seeks occupational health and infirmary services for Stabroek block operations

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Saipem Guyana Inc., one of the major contractors for ExxonMobil's Stabroek Block operations, has issued an Expression of Interest (EOI) for occupational health and infirmary services aimed at enhancing on-site medical provisions and emergency response capabilities. The services encompass comprehensive...
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10-12 wells planned for Stabroek block next year to unlock more resource growth – Chevron CEO

OilNOW -
Chevron Corporation, now an indirect stakeholder at the Stabroek Block, recently informed the market that 10 to 12 wells are planned for this world-class concession next year. Given ExxonMobil’s past success with hitting back-to-back discoveries, Chevron’s Chief Executive Officer...
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MODEC starts construction of Errea Wittu FPSO for Exxon’s 5th Stabroek block development

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MODEC announced the inaugural steel-cutting ceremony for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO) in China, on November 16. The firm secured its initial order to supply an FPSO to Guyana in May 2023, commissioned...
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SBM Offshore proud of another start-up ahead of schedule at Exxon’s Stabroek Block

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SBM Offshore has once again delivered and put into operation another floating production storage and offloading (FPSO) vessel offshore Guyana ahead of funding schedule and at industry-leading pace. The Prosperity FPSO began oil production at the ExxonMobil-operated Stabroek Block...
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Stabroek block resource update to come “when we see significant change” – Exxon

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ExxonMobil has been racking up discoveries in Guyana’s Stabroek block after hitting the 11 billion-barrel of oil equivalent mark. But this has not yet resulted in an upward revision of the resource estimate.  “We continue to integrate those results - both...
News

Jagdeo confirms ‘Hess Guyana’ still retains Stabroek block interest despite Chevron buyout of parent company

OilNOW -
Vice President Dr. Bharrat Jagdeo clarified during a November 2 media conference that Hess Guyana Exploration Limited, a subsidiary of Hess International, still controls the 30% working interest in the Stabroek block, where 11 billion barrels of oil equivalent...
News

Exxon seeking oceanology, meteorology consulting services for Stabroek block operations

OilNOW -
ExxonMobil Guyana Limited (EMGL) is actively searching for meteorology and oceanography consulting services for its Stabroek Block operations in Guyana. Stabroek Block supplied 12 million crude barrels to market in July | OilNOW  In a public Request for Information (RFI),...
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Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its...

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