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Tag Archives: Stabroek Block

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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ExxonMobil begins oil production in Guyana

IRVING, Texas – ExxonMobil Friday announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. Production for Liza Phase 1 to reach full capacity of 120,000 barrels of oil per day in the ...

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Commercial oil production begins offshore Guyana in December, 2019

Hess Corporation, one of the partners in the ExxonMobil-controlled oil operations offshore Guyana, says commercial oil production will begin in December 2019. “In September, we announced our 14th discovery in the Stabroek Block at Tripletail, offshore Guyana and are now targeting December for first oil from the Liza-1 development,” Chief Executive Officer of Hess Corporation, John Hess was quoted as ...

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France-headquartered company wins multimillion dollar seawater treatment contract in Guyana

Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd, says it has been awarded a multi-million dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity FPSO, located in the Stabroek block offshore Guyana. The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant ...

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ExxonMobil makes 1st Tripletail-1 well discovery offshore Guyana 

The Director of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe on Monday announced that ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. This well was being drilled by the Tom Madden drillship. This discovery adds to the previously announced estimated recoverable resource of more than ...

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Venezuelan rivals cross swords over relinquishing claim of oil-rich Guyana’s Essequibo

Reproduced from Argus Media Venezuela’s rival political authorities are trading accusations of relinquishing the country’s historical claim to a large swath of neighboring Guyana on the eve of ExxonMobil’s launch of offshore production there. Venezuela’s executive vice president Delcy Rodriguez today released what she says is a months-old tape of Vanessa Neumann, the UK envoy of opposition leader Juan Guaido, ...

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First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday. The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”. After clearing customs, the ...

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New oil equivalent estimate at more than 6 billion barrels in Stabroek Block

Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE). “In Guyana, we have just increased the estimate of gross discovered recoverable resources for the Stabroek Block to more than 6 billion barrels of oil equivalent and continue to see multi-billion ...

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ExxonMobil to proceed with Liza Phase 2 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 ...

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ExxonMobil makes 13th oil discovery offshore Guyana

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Thursday it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major ...

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