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Tullow advances Guyana drilling programme after major ExxonMobil discoveries

Reproduced from Milbank Monitor Tullow Oil has brought forward its drilling programme in Guyana, where ExxonMobil has racked up discoveries of billions of barrels. The Dublin-listed company originally planned to start drilling wells at the end of this year, but is now set to begin in the second quarter because of the excitement over Exxon‘s nearby discoveries, Tullow CEO Paul ...

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Tax disclosure waivers needed for Extractive Industries Transparency process

As Guyana prepares its first Extractive Industries Transparency Initiative (EITI) report on monies spent by 35 petroleum and mining companies and received by government, a UK-based firm that has been hired to match earnings and expenses says the companies will be asked to authorise the Guyana Revenue Authority (GRA) to release confidential tax information. Hired independent administrator for Guyana’s EITI ...

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Double oil discoveries – 11th and 12th – offshore Guyana

The Director of Energy, Dr. Mark Bynoe, Wednesday morning announced that ExxonMobil has made its 11th and 12th discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells in the southwest section of the Stabroek Block. “This continues to be positive news for the people of the Co-operative Republic of Guyana, but the real substance of these finds will come when ...

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