MercoPress, en Español

Montevideo, October 17th 2018 - 18:28 UTC

Tag: Liza field Exxon Guyana

  • Friday, June 1st 2018 - 07:35 UTC

    Guyana on the global energy map: oil production expected to reach 600.000bpd

     “ExxonMobil's discovery of the Liza field in 2015 truly put Guyana on the global energy map,” said Espen Erlingsen, head of upstream research at Rystad Energy.

    The Norwegian oil and gas research firm Rystad Energy is predicting that Guyana's oil sector could generate annual revenue of US$15 billion and that the government would pocket most of the profit generated from the explorations.

  • Friday, July 28th 2017 - 06:00 UTC

    Exxon puts Guyana on the world oil map with another major discovery

    The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels

    Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.

  • Thursday, April 6th 2017 - 12:35 UTC

    ExxonMobil strikes oil again offshore Guyana, the second this year

    Esso Exploration and Production Guyana Ltd. commenced drilling the Snoek well on Feb 22, and was safely drilled to 5,175 meters in 1,563 meters of water 18 March

    ExxonMobil’s oil finding streaking offshore Guyana is continuing, with the company reporting yesterday that it has struck oil again. It is Exxon’s third such find in the Stabroek Block and the second this year, coming on the heels of oil discoveries in Liza in 2015 and Payara in January.

  • Wednesday, March 22nd 2017 - 12:01 UTC

    Guyana beats exploration/production record: oil extraction expected to begin 2019

    Exxon-Mobil in 2016 announced the successful drilling of a deepwater exploration well, positioning Guyana's seafloor as one of the richest oil discoveries in decades.

    United States oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana, in the north of South America, into a major oil producer. In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production license to start pumping oil from the country’s seabed, less than five years after it discovered major oil finds.

  • Monday, September 12th 2016 - 10:19 UTC

    Guyana working to establish an onshore oil and gas facility to boost the incipient industry

     Guyana said that as industry continues to evolve, “early plans must be put in place to harness synergies and benefits that will arise” said minister Raphael Trotman

    The Guyana government intends to establish an onshore oil and gas facility in the country as it seeks to fully optimize opportunities in petroleum exploration and production. The Ministry of Natural Resources, working in conjunction with the Ministries of Public Infrastructure and Business, says it believes that this facility is critical and said it is part of the raft of measures intended to ensure that Guyana keeps on the right trajectory in the development of the oil and gas industry.

  • Monday, July 4th 2016 - 09:56 UTC

    Exxon-Mobil-Hess confirm that off Guyana coast oil discovery is largest in two years

    The Liza field could turn out to be the largest oil discovery reported in two years and the companies say that it could cost US$18 billion to develop.

    ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, in the north of South America and bordering with Venezuela, is a discovery that is much larger than previously expected.