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 →
Offshore energy will power the world: 2021-2040 FPSO forecast – Special Focus
(World Oil) Operators are strategically navigating the changing dynamics of the energy market with continued investment in the floating offshore sector. The offshore energy market is in flux. Economic effects from the Covid-19 pandemic, changing global attitudes toward energy, and the growing importance of ESG matters have disrupted the ways that companies do business. Although... Continue Reading →
CGX, Frontera Spud Kawa-1 Well Offshore Guyana
Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig. The Kawa-1 well spudded on Sunday, August 22, and it is expected to reach total... Continue Reading →
ExxonMobil postpones selection of second well target on Guyana block
Oil major ExxonMobil has decided to postpone selecting the prospect target for the second well on the Kaieteur Block offshore Guyana by seven months. Westmount Energy on Monday noted the announcement on Sunday by one of the partners, Ratio Petroleum, that the date for elective nomination, by the operator, of the prospect target for the second... Continue Reading →
Ocean Edge Services backs subsea ops off Guyana
Ocean Edge Services has entered into an agreement with Atlantic Marine Supplies to support the needs of existing and new subsea operations in Guyana. The agreement comes as part of the need for servicing offshore oil production needs in Guyana, Ocean Edge Services said. According to the company, the vast potential of the Stabroek Block... Continue Reading →
Emerging oil nations reject climate curbs on exploration, pursue rapid development
(Reuters) - The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away from fossil fuels, Brazil, Ghana, Guyana,... Continue Reading →
Spurred by Offshore Oil Discoveries, Guyana’s Economy to Grow 500% by 2030
Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday. The small South American country has become one of the world's oil exploration hotspots after a group led by Exxon Mobil Corp discovered more than 9 billion barrels... Continue Reading →
Guyana, Suriname eye further drilling from oil majors after discoveries
(Reuters) - Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday. The neighboring South American countries, along with Brazil, attracted the most attendees to sessions at the... Continue Reading →
