MercoPress, en Español

Montevideo, January 27th 2022 - 20:55 UTC

Tag: Stabroek Block

  • Friday, January 29th 2021 - 08:42 UTC

    Hess Exploration investing heavily in its Guyana oil offshore operations

    Of the US$1.9bn allocation, 35% will go towards production, 41% for offshore Guyana developments and 24% for exploration and appraisal activities.

    The Hess Exploration company is betting strongly in the opportunities of its Guyana operations. With a 30% interest in the Stabroek Block, it has allotted more than 80% of its capital and exploratory budget of US$1.9 billion for 2021 to its offshore blocks.

  • Friday, February 8th 2019 - 08:49 UTC

    Two more oil strikes off the coast of Guyana at the prolific Stabroek Block

    Tilapia-1 encountered approximately 93 m of high quality oil bearing sandstone reservoir and was drilled to a depth of 5,726 m in 1,783 m of water

    Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.“These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 Bboe,” said CEO John Hess.

  • Wednesday, January 9th 2019 - 08:39 UTC

    ExxonMobil resumes exploratory drilling off Guyana; first FPSO expected at the end of the year

    Development comes two weeks after ExxonMobil suspended seismic data gathering  in the Stabroek Block, following in incident with the Venezuelan navy

    US energy company ExxonMobil has started drilling one of two new exploration wells offshore Guyana. It’s the first of two wells to be drilled this month. The world’s largest publicly traded international oil and gas company said in a statement that the Stena Carron drillship is drilling the Haimara-1 well, located 19 miles east of the Pluma-1 discovery in the southeast Stabroek Block.

  • Thursday, December 6th 2018 - 08:24 UTC

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

    ExxonMobil announced its tenth Guyana discovery this week, increasing the discovered recoverable resource in Stabroek Block to more than five billion barrels

    Thanks 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 discovered recoverable resource in its Stabroek Block to more than five billion barrels.

  • Tuesday, January 9th 2018 - 10:08 UTC

    Sixth major oil find offshore Guyana at the Stabroek block

    The well was spud on 5 November 2017 by the Stena Caron drillship and drilled to 6450m depth in 2735m of water.

    For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.

  • Monday, February 29th 2016 - 09:16 UTC

    Esso to intensify oil exploration in Guyana's Maritime Zone

    Minister Trotman told the National Assembly that there is growing interest in Guyana’s hydrocarbons and Exxon-Mobil will drill another exploratory well.

    Oil exploration efforts have intensified following the discovery of commercial quantities of oil in Guyana’s Maritime Zone. Esso Exploration and Production Guyana Ltd. (EEPGL) has commenced a meteorological and oceanographic survey in the Stabroek Block, scheduled to be completed during May 2018.

  • Friday, May 15th 2015 - 04:41 UTC

    Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

    The discovery is located in the Stabroek Block off a border region that is claimed by Venezuela in a territorial controversy dating back over a century

    Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.

  • Monday, March 2nd 2015 - 06:39 UTC

    ExxonMobil ready to begin exploratory drilling offshore Guyana

     Persaud was updated on the deployment of the oil rig which will depart from Louisiana, for the Stabroek Block offshore Guyana to start drilling mid-March.

    Exxon Mobil says plans are in place to start exploratory drilling in Guyana this month. In a release it was disclosed that the Guyana Minister of Natural Resources Robert Persaud, met with Chuck Calavan, ExxonMobil Vice President of US and Latin America and Jeff Simon, Country Manager, ESSO.