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Venezuela’s navy over the weekend intercepted two vessels operating in Guyanese waters for ExxonMobil, claiming they were was operating within Venezuelan territory.
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By Collectivité territoriale de Guyane The French local authority of French Guyana (Collectivité territoriale de Guyane) has issued a tender invitation for the establishment and operation of a submarine cable to connect French Guyana and the European continent. This system has to provide transmission capacity for a very-high-speed, priceless and secure broadband electronic communications network. The […]
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ExxonMobil has discovered hydrocarbons offshore Guyana, while drilling the Liza-1 exploration well at the Stabroek block. The discovery was made using the Deepwater Champion drillship, some 120 miles offshore Guyana, according to Minister of Natural Resources and the Environment, Robert M. Persaud. However, he pointed out that it is too early to confirm whether there are commercial quantities […]
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Minister of Public Infrastructure, David Patterson, yesterday received a final copy of the Coastal Engineering Design Manual for the Guyana Sea and River Defenses from European Union (EU) Ambassador, Jernej Videtič. The handing over ceremony comes almost seven months after the Ministry and the EU partnered to host a two-day workshop to finalize the document On […]
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The government of Guyana is reviewing an ‘Oil and Gas Master Plan’ for Guyana, which was developed and submitted by Mitsubishi Corporation and Chiyoda Corporation in collaboration with the government of Japan.
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GEORGETOWN, Guyana (GINA) — Guyana over the years has been capitalising on its natural resources to maximize its growth and development. As such the Government of Guyana in collaboration with the Government of India has undertaken a feasibility study to determine a possible location for the construction of a deep water harbour in Guyana. [mappress] […]
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Zhonghao Shipyard, the first Chinese-owned ship-building company in Guyana, held a naming and launching ceremony for its first logging vessel “Yuanheng Freighter” on February 28. His Excellency Zhang Limin, Chinese Ambassador to Guyana, President of Guyana Donald Rrmotar, Prime Minister Samuel Hinds, Minister of Agriculture Leslie Ramsammy, Minister of Home Affairs Clement Rohee attended the […]
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The World Bank has approved a $20 million credit from the International Development Association (IDA) to strengthen institutions, laws, and regulations to promote good governance and a prudent management of Guyana’s oil and gas sector.
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Guyana’s total annual oil revenues could hit $30 billion over the next 10 years with production estimated to reach 1.2 million barrels per day by 2030, according to Rystad Energy.
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Spanish oil company Repsol has signed an exploration and production agreement with the Government of Guyana. The four-year agreement, signed yesterday, will allow Repsol to search for hydrocarbons in the Kanuku block, approximately 161 km offshore Guyana, the only South American nation in which English is the official language. According to GINA, Guyana’s Government Information Agency, Repsol […]
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The Government of Guyana has signed a Petroleum Prospecting License and Production Sharing Agreement with the joint venture team of Tullow Oil and Eco Atlantic for a small concession of 1801sq. km, called the Orinduik Block, located offshore Guyana. In total, the license term of the exploration period is for 10 years. The decision to drill and to complete the […]
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ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel for the Liza field. Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO, and, subject to a final investment decision on the project in 2017, […]
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Exploration & Production, Project & Tenders
ExxonMobil recently discovered hydrocarbons offshore Guyana, while drilling the Liza-1 exploration well at the Stabroek block, located approximately 120 miles offshore Guyana. The oil discovery is significant, Exxon said. According to Exxon, the well was drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water with the Deepwater Champion drillship. Stabroek Block is […]
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Guyana’s Government Information Agency (GINA) has informed that the Deepwater Champion drillship is in position at the Stabroek Block, offshore Guyana. The drillship is scheduled to start drilling for ExxonMobil today, March 5, 2015. According to the agency, this oil exploration project is worth $200 million. However, according to the Ministry of Foreign Affairs of […]
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Infrastructure, Project & Tenders
The FPSO vessel Liza Destiny will set sail for the ExxonMobil-operated Stabroek block off Guyana in the summer of 2019.
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CGX Energy Inc. has awarded a drilling contract to a subsidiary of Diamond Offshore Drilling, Inc. for the Ocean Saratoga semi-submersible drilling rig to drill the Eagle-1 well on the Company’s 100% owned and operated Corentyne Petroleum Prospecting License (“PPL”), offshore Guyana. The Ocean Saratoga is currently performing a work-over in the Gulf of Mexico […]
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ExxonMobil confirmed the discovery of oil from Liza-2 well, the second exploration well in the Stabroek block offshore Guyana. The company confirmed the discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. “We are excited by the results of a production test of the Liza-2 well, which confirms the presence of high-quality oil […]
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Equipment, Operations & Maintenance, Project & Tenders
Shawcor’s pipe coating division has entered into a letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. The coating value of this phase is estimated to be similar to the individual phases of the Liza development that have already been awarded. The combined coating value of […]
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ExxonMobil has boosted its estimate of recoverable oil in its offshore Guyana block to 4 billion oil-equivalent barrels, up from the previous estimate of 3.2 billion oil-equivalent barrels.
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U.S.-based offshore supply vessel owner Harvey Gulf has opened an office in Georgetown, Guyana.
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CGX Energy and Frontera Energy have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana.
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Oil giant ExxonMobil has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. Payara-1 well was announced as ExxonMobil’s second oil discovery on the Stabroek Block off Guyana in early 2017. In order to test a deeper prospect underlying the Payara oil discovery, the Payara-2 well […]
