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Tag Archives: Exxon-Mobil

Guyana, ExxonMobil about to ink Payara well approval; hefty fines for flaring, dumping untreated water

Guyana is on the verge of signing an agreement with ExxonMobil for its Payara Development Plan that would provide for hefty fines for flaring and the dumping of untreated water back into the sea, Minister of Natural Resources Vickram Bharrat said Friday. He told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that the actual fines were still under discussion ...

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ExxonMobil makes 15th oil discovery offshore Guyana at Mako-1 well

IRVING, Texas – ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a ...

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GDF to buy offshore patrol vessel, aircraft

The Guyana Defence Force (GDF) is to acquire another offshore patrol vessel, a decision that has been partly influenced by impending commercial oil production in a deep sea concession, Chief-of-Staff Brigadier Mark Phillips said Thursday. “I would say that the soon to be drilled well and exploitation itself perhaps would have accelerated the need for the acquisition of more vessels ...

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