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Montevideo, May 24th 2019 - 21:46 UTC

Tag: Wood Mackenzie

  • 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.

  • Saturday, June 23rd 2018 - 10:27 UTC

    Exxon-Mobil made its eighth major oil discovery offshore Guyana

     “The Longtail discovery is in close proximity to the Turbot discovery southeast of the Liza field,” Steve Greenlee, ExxonMobil Exploration Company president said

    ExxonMobil made its eighth oil discovery offshore Guyana at the Longtail-1 well in the Stabroek Block on June 20. The company encountered 256 feet of oil-bearing sandstone. The well was drilled to 18,057 feet depth in 6,365 feet of water.

  • Thursday, June 21st 2018 - 08:57 UTC

    Brazil eases rules in oil industry to boost production

    Petrobras banned top offshore construction companies, most of which domestic,  after the Lava Jato investigation revealed the extend of corruption

    Brazil’s move to ease rules forcing oil producers to buy from domestic suppliers means Latin America’s top producer will be able to sustain output of 5 million barrels per day (pbd) by the mid-2020s, compared to just 3.7 million bpd under prior rules, consultancy Wood Mackenzie said in a report on Wednesday.