Guyana
News
April 27, 2022
ExxonMobil announced three new discoveries offshore Guyana which will increase the estimate of the recoverable resource of the Stabroek Block to nearly 11 billion oil-equivalent barrels.
News
April 26, 2022
Guyana, home to the world’s largest oil discovery of the past decade, is in discussions with Abu Dhabi to build a deepwater port to serve the rapid economic development along South America’s Caribbean coast.
News
April 05, 2022
SBM Offshore announced Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil, confirmed the award of contracts for the Yellowtail development project in the Stabroek Block in Guyana.
News
April 04, 2022
The company’s fourth, and largest, project in the Stabroek Block offshore Guyana is expected to produce approximately 250,000 bpd starting in 2025.
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.
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.
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
February 28, 2018
ExxonMobil Corporation has announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.
News
February 20, 2018
Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, is pleased to announce that Eco (Guyana) Oil and Gas (Barbados) Ltd. (Eco Barbados), a wholly owned subsidiary of the Company, has agreed to acquire the remaining 6% interest in Eco (Atlantic) Guyana Inc. (Eco Guyana), following which Eco Guyana will become a wholly owned subsidiary of the company.
News
February 05, 2018
Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block.
News
January 18, 2018
Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, announces that at the Company and Tullow Oil (together “the Partners”) on the Orinduik Block, have elected to enter Phase Two of the Initial Period under the Petroleum Agreement and Prospecting License, Orinduik Block, offshore Guyana.
