Brought to you by Quest Offshore & Southern Cone Consultants
The frontier oil province is set for yet another significant investment opportunity. But political uncertainty is just one of the many myriad challenges the country faces before first oil Guyana is anticipating the announcement of another major oil find as early as next week, the country’s chief investment official said at the SPE Offshore Europe... Continue Reading →
The Liza Destiny FPSO has reached Guyanese waters 42 days after it set sail from a shipyard in Singapore. The news of the FPSO arriving in Guyana has been confirmed by Hess Corp, a partner in the ExxonMobil operated Stabroek block, where the Liza Destiny will now be moored. Able to produce up to 120,000... Continue Reading →
UK based oil services company TechnipFMC recently celebrated the delivery of the company’s 600th subsea tree in Brazil, which will be installed at ExxonMobil’s Liza field offshore Guyana. The event, which took place at the company’s assembly plant in Rio de Janeiro, was attended by officials from TechnipFMC, ExxonMobil, and several Guyanese who are employed... Continue Reading →
Tullow Oil has started drilling at the Joe prospect in the Orinduik block offshore Guyana, the company’s second well in the block, after the Jethro-1 well which struck oil earlier this month. According to Eco Atlantic, Tullow’s partner in the block, Joe-1 was spud at 14.45hrs (Local Guyana time) on August 25, 2019, using the... Continue Reading →
Subsea and offshore solutions provider Unique Group has appointed Jaguar Oilfield Services Guyana as its approved partner and operator in Guyana for its Water Weights brand of load testing solutions. Jaguar Oilfield Services’ personnel will be fully trained in the operation and maintenance of Water Weights proof load test equipment. The local facility in Guyana... Continue Reading →
Following a recent oil discovery at the Jethro well offshore Guyana, oil firm Tullow is set to spud the second well, Joe-1, within days. Eco Atlantic, Tullow’s partner in the Orinduik block where the Jethro-1 discovery – 180.5 feet (55 meters) of net high-quality oil pay – was made, said the drillship is currently moving... Continue Reading →
Hess Corporation’s investment in Guyana’s offshore Stabroek Block has resulted in the company emerging as the best-performing US oil firm this year and, along with its partners, it is poised to reap US$22 billion ($4.5 trillion) in profits from its initial two projects here, the Wall Street Journal (WSJ) reported yesterday. “Hess Corp. has emerged... Continue Reading →
High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018, according to market research provider Westwood Global Energy Group. The largest oil discoveries are considered... Continue Reading →
This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, ExxonMobil made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Since then, it’s found so much oil that by... Continue Reading →
Tullow Oil has made an oil discovery at its Jethro-1 exploration well, drilled on the Orinduik license offshore Guyana. The Jethro-1 was spud in early July, using the Stena Forth drillship. It was drilled to a Total Depth of 4,400m meters in approximately 1,350 meters of water. Tullow said on Monday that evaluation of logging... Continue Reading →
