U.S. oil major ExxonMobil has awarded Norwegian offshore seismic data acquisition firm PGS a contract for a 3D survey offshore Suriname. PGS' 104.2 meters long Ramform Tethys seismic vessel is scheduled to start the acquisition during the fourth quarter of 2021, and it is planned to complete in the first quarter of 2022. The vessel... Continue Reading →
Saudi Aramco Unit to Market Guyana’s Crude for One Year
Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government's share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters. The country in early September had awarded Aramco a contract to market a cargo scheduled for Sept. 21-22. Natural Resources... Continue Reading →
SBM Offshore closes largest project financing in its history
FPSO operator SBM Offshore has completed the project financing of FPSO Sepetiba for a total of $1.6 billion, which is the largest project financing in the company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and... Continue Reading →
SBM Offshore’s Liza Unity FPSO Receives ABS SUSTAIN-1 Notation
SBM Offshore's Liza Unity FPSO, which last week set sail from Singapore en route to Guyana, has been awarded the SUSTAIN-1 notation by classification society ABS – the first FPSO in the world to receive it. According to ABS, the SUSTAIN-1 notation demonstrates the vessel’s alignment with key elements of the Environmental, Social, and Governance... Continue Reading →
Guyana’s Second FPSO Sets Sail from Singapore
Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana. Keppel Shipyard, responsible for the construction and integration of the topside modules with the China-built FPSO hull said Thursday it had delivered the FPSO to SBM Offshore. Once in Guyana, the FPSO will... Continue Reading →
ExxonMobil Finds Oil at Pinktail Well, Offshore Guyana
U.S. oil firm ExxonMobil has made another oil discovery offshore Guyana, this time at Pinktail prospect in the prolific Stabroek Block. The Pinktail well, ExxonMobil said, encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon-bearing sandstone reservoirs. Pinktail is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase 1 development, which... Continue Reading →
Saudi Aramco Unit Wins Guyana Oil Tender
Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday. The South American country last month received bids from 15 companies aiming to market its allocation of light crude produced... Continue Reading →
Third time’s a charm? ExxonMobil Spuds Sapote-1 Well in Canje Block, Offshore Guyana
U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons. The news of the drilling startup was shared by Eco Atlantic, which, in turn, was informed of... Continue Reading →
CGX to Drill Another Well in Guyana Using Maersk Discoverer Rig
CGX Resources has exercised an option to drill one more exploration well offshore Guyana using Maersk Drilling's Maersk Discoverer drilling rig, the Danish drilling firm has confirmed. CGX, which started drilling a week ago at its first well - the Kawa-1 - in the northeast quadrant of the Corentyne block, about 200 kilometers offshore from Georgetown,... Continue Reading →
ExxonMobil gearing up to spud third well in Canje block
Oil major ExxonMobil is preparing to start drilling operations on its third well in the Canje Block offshore Guyana this year, using a Stena Drilling-owned drillship. In an update on Thursday, Westmount Energy noted the announcement by the Maritime Administration Department, Guyana, dated 25 August 2021, that the Stena DrillMAX drillship will start drilling operations at... Continue Reading →
Brazil Energy Insight 