Guyana
News
February 14, 2022
SBM Offshore announced that floating, production, storage and offloading vessel Liza Unity has produced first oil as of Feb. 11 and is formally on hire.
News
January 05, 2022
ExxonMobil announced two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.
Article
December 2021
Latin America’s oil industry needs greater political stability to keep growing
Article
November 2021
Recovery is still moving forward
Article
May 2021
The challenge now facing operators in this promising region is to transition from an exploration/appraisal mode to best practices for development and production.
News
December 23, 2019
ExxonMobil and its partners announced another oil discovery on the Stabroek Block offshore Guyana, southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 Bboe.
News
December 23, 2019
SBM Offshore announced that FPSO Liza Destiny has produced first oil as of December 20, 2019 and is formally on hire. The FPSO is installed at the Liza field, which is located circa 200 km offshore Guyana in the Stabroek block.
News
December 20, 2019
Output from the first phase of the offshore Liza field is expected to reach full capacity of 120,000 gross bopd in coming months, with the first cargo to be sold within several weeks.
News
December 11, 2019
Springfield Exploration and Production Limited and its partners have made a significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points Block 2, offshore Ghana.
News
November 13, 2019
The stock sank as much as 23% on the news that crude from two wells in Guyana was found to be heavy, with a high sulfur content. That’s disappointing as the Guyanese discoveries earlier this year had countered concerns over troubled ventures elsewhere.
News
November 07, 2019
The FPSO, to be named Prosperity, will utilize a design that largely replicates the design of the Liza Unity FPSO. As such, the design is based on SBM Offshore’s Fast4Ward program that incorporates the company’s new build, multi-purpose hull combined with several standardized topsides modules.
News
October 16, 2019
The project financing was secured by a consortium of nine international banks. The company expects to draw the loan in full, phased over the construction period of the FPSO.
News
October 15, 2019
The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant sized for 263,244 bpd of low sulphate water and 31,700 bpd of reverse osmosis process water for the Liza Unity FPSO.
News
September 16, 2019
ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 Bboe on the Stabroek Block.
News
September 16, 2019
Joe-1 is the first oil discovery to be made in the Upper Tertiary and de-risks the petroleum system in the west of the Orinduik block, where a significant number of Tertiary and Cretaceous age prospects have been identified.
Article
September 2019
A flurry of deepwater discoveries in the Atlantic off Guyana’s coast has changed the future for the small South American nation.
News
August 30, 2019
This FPSO is a significant component of the Liza Phase 1 development, which involves four undersea drill centers with 17 wells.
News
August 27, 2019
Total and Qatar Petroleum have signed agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya.
News
August 13, 2019
This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest.
News
August 12, 2019
Tullow Oil has made its first discovery in its Orinduik license offshore Guyana, exceeding pre-drill forecasts and paving the way for more exploration wells in the near future.
Article
July 2019
Rebound seen in new offshore exploration
