Tag Archives: offshore exploration

IRVING, Texas – ExxonMobil said Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day ...

South Africa and Guyana on Friday inked a wide-ranging declaration that could see this country benefitting in a range of areas. Signed by South Africa’s Deputy Minister of Mineral Resources, Godfrey Oliphant and Minister of Natural Resources, Raphael Trotman, the declaration provides for that southern African nation to assist Guyana with mapping among other areas. “At the invitation of the ...