Brought to you by Quest Offshore & Southern Cone Consultants
From 2015 to now, ExxonMobil has made 15 discoveries of oil wells offshore Guyana. It has always been keen to divulge details to the citizenry about the significance of its oil finds. But the same cannot be said for its gas discoveries. Up to three months ago, the oil operator told the media that it... Continue Reading →
December 27, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 4/25/2019, reports that it has completed today the sale of 50% of exploration and production rights of the Tartaruga Verde field (concession BM-C-36) and Module III of the Espadarte field to Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of... Continue Reading →
December 26, 2019 Petrobras began a new environmental licensing process for drilling an exploratory well in the area of block BM-P-2 in the Pelotas Basin. The opening of the new process follows a license denied by Ibama for the campaign in the region. The request at Ibama was filed on December 3. After 14 years... Continue Reading →
Dec 27, 2019 Equinor, as operator, on behalf of the BM-S-8 and Norte de Carcará consortiums, informs that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the Declarations of Commerciality of the Carcará discovery, in the area of Santos Basin pre-salt. Together with the Declarations of Commerciality, the consortia... Continue Reading →
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers. An ExxonMobil-led consortium, which includes Hess Corp and China's CNOOC Ltd, began producing crude from the Liza well on... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/16/2019, referring to the sale of its interest in the concession BM-P-2, located in the Pelotas Basin, reports that it has extended until 01/15/2020 the notification deadline for companies to express their interest on the opportunity. There is no prejudice... Continue Reading →
Just a few days after making history with producing Guyana’s first ever oil at its Liza offshore field, ExxonMobil has announced another oil discovery near the field. The U.S. major on Monday said it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the... Continue Reading →
As Guyana has just become an oil-producing country with ExxonMobil reaching first oil at the Liza field over the last weekend, oil major Total is hoping to replicate the achievement in nearby Suriname. The French company has signed a deal with Apache Corporation to acquire a 50% working interest and operatorship in “the highly prospective Block... Continue Reading →
December 20, 2019 Ibama denied Petrobras' request to drill an exploratory well in block area BM-P-2 in the Pelotas Basin. The environmental agency recently closed the licensing process, due to technical uncertainties that were not clarified by Petrobras. Petrobras and Total trying to sell the asset. The teaser, which marks the start of the sale,... Continue Reading →
Exxon Mobil and its partners lifted the first commercial crude from Guyana, setting the small South American nation on a path to potentially vast flows of oil revenues. Exxon has a 45% share in the Guyana project, while Hess Corp. has 30% and China’s CNOOC Ltd. 25%. Output from the first phase of the offshore... Continue Reading →
