Brought to you by Quest Offshore & Southern Cone Consultants
Offshore drilling contractor Noble Corporation has recently secured several drilling contracts and its CEO says there has been an uptick in tender activity in various markets. The company, which in February completed its financial restructuring and emerged from Chapter 11 for which it had filed in August 2020, on Thursday released its fleet status report showing... Continue Reading →
Oil major ExxonMobil is waiting on equipment arrival from Germany to Guyana to complete the repairs on the Liza Destiny FPSO, due to issues that started in late January 2021. As previously reported, ExxonMobil experienced technical issues with a gas compressor on the SBM Offshore-owned FPSO Liza Destiny, which is working on the oil major’s Liza field... Continue Reading →
Dutch FPSO giant SBM Offshore has ordered the fourth Fast4Ward FPSO hull from the Chinese Shanghai Waigaoqiao Shipbuilding (SWS) shipyard. SWS said that his type of FPSO hull also adopts SBM’s ‘universal’ hull design concept and has an oil storage capacity of 2.3 million barrels of crude oil. It also meets the marine environmental conditions... Continue Reading →
U.S. oil major ExxonMobil is set to drill another well in the Canje Block, offshore Guyana, after it was last week announced that the first well drilled -the Bulletwood-1 - failed to strike commercial oil volumes. ExxonMobil has now moved Stena Drilling's Stena Carron drillship to the Jabillo-1 well location in the same block and... Continue Reading →
CGX Energy, a Canadian-based oil and gas firm focused on Guyana, expects to spud an exploration well in its Corentyne block in the second half of 2021. In a recent update, CGX Energy said the Kawa-1 exploration is expected to be drilled to a depth of approximately 6,500 meters (“m”) in a water depth of... Continue Reading →
The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom. The colossal oil boom underway in the tiny South American nation of Guyana is gaining momentum, while Suriname is on the cusp of experiencing its own and... Continue Reading →
ExxonMobil has failed to find commercial quantities of oil at the Bulletwood-1 offshore well in the Canje Block, offshore Guyana. The well, spudded on December 30, 2020, was drilled using the Stena Carron drillship and was the first well drilled in the Canje Block off Guyana. The 4,800 sq km Canje Block lies 180km offshore... Continue Reading →
The Stena Carron drillship most recently used by ExxonMobil to drill the Bulletwood-1 well in the Canje Block offshore Guyana has moved to a new drilling location. This is according to Westmount Energy which owns an indirect interest in the Canje Block, through its 7.2% stake in JHI Associates, which is a partner in the... Continue Reading →
Oil major ExxonMobil has experienced technical issues with a gas compressor on the SBM Offshore-owned FPSO Liza Destiny, working for ExxonMobil offshore Guyana. Experts are now working to define the scope of repairs and fix the issue. ExxonMobil said at the end of January 2021 that there was a technical issue regarding a seal on... Continue Reading →
Results from an independent prospective resource study confirm the views of Frontera and CGX Energy JV about the high prospectivity of the Corentyne North Area, Corentyne Main Area, and Demerara block, located offshore Guyana. The JV is now preparing for an exploration well in Corentyne Block slated for 2H 2021. Frontera Energy and CGX Energy,... Continue Reading →
