Tag: exxonmobil

NEWS

Exxon Loads Up On Oil In New Offshore Development In Guyana

According to ExxonMobil, it has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals.  The company noted that the Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production and […]

NEWS

Guyana Swims In Oil

The U.S. oil giant ExxonMobil has discovered two additional high-quality oil reservoirs in Guyana’s Stabroek Block. As a result of COVID-19, Guyana’s travel restrictions had forced ExxonMobil to idle two drillships in the country’s waters temporarily. However, the oil company had resumed drilling operations by the end of the second quarter. Meanwhile, Exxon Mobil Corporation has announced an estimated second […]

POLITICS

Guyana Spews More Oil

The Cooperative Republic of Guyana seems to be floating in oil as US-based giant, ExxonMobil, has made its 16th oil discovery offshore the territory. The exploration success in the emerging province is showing little sign of slowing. Dr. Mark Bynoe, Director in the Department of Energy, said the new discovery was made northeast of the producing Liza field at the […]

POLITICS

Guyana Continues To Spew Oil

According to press reports, ExxonMobil has announced recently that the consortium which it leads has made another discovery in its Stabroek block offshore Guyana. ExxonMobil holds a 45 percent interest in the 6.6 million-acre Stabroek block and serves as operator for the consortium, which also includes Hess and CNOOC as joint interest partners. The initial production from the Liza Phase […]