Oil Discovery in Corentyne Block at Wei-1 well

MEDIA STATEMENT Gov’t welcomes oil discovery in Corentyne Block at Wei-1 well We are pleased to share a major update from the Ministry of Natural Resources regarding the Wei-1 exploration well in the Corentyne Block, undertaken by CGX Energy Incorporated and Frontera Energy Corporation. With drilling having commenced on January 21, 2023, the ministry is […]

Notice to the Public – Yellowtail Development Project

Esso Exploration and Production Guyana Limited (EEPGL)has submitted an Application to the Environmental Protection Agency (EPA) for Environmental Authorisation to undertake the following project: Yellowtail Development Project of Production Facilities for Petroleum Production within the Stabroek License Area, Offshore, Guyana. The proposed project will be implemented in multiple stages including: wellsdrilling and completions, mobilization and […]

Statement by the Minister of Natural Resources Hon. Vickram Bharrat, M.P., on Guyana’s 18th Offshore Oil Discovery at the Redtail-1 exploration well

Greetings All, Fellow Guyanese, as Minister of Natural Resources with responsibility for the Petroleum Sector, it gives me great pleasure to announce Guyana’s 18th Offshore Oil Discovery at the Redtail-1 exploration well. This will add to the estimated recoverable resource of more than 8 billion oil- equivalent barrels on the Stabroek Block. The Government of […]

New tender for marketing of oil launched

The PPP/C government has scrapped the shortlist of 19 companies that had submitted proposals to sell Guyana’s portion of oil from the Liza-1 well and yesterday launched a new Request For Proposals (RFP). In a two-page advertisement in yesterday’s Sunday Stabroek, pages 20-21, the Ministry of Natural Resources advertised for RFPs for the provision of […]

‘High-Quality Reservoirs’ Found at Yellowtail-2 – Hess

HESS Corporation, partner of ExxonMobil in the Stabroek Block, has announced finds of “high quality reservoirs” at Yellowtail-2, further cementing confidence in the “world class quality” of the Guyana basin. In its 2020 Second Quarter Operational Report on Wednesday, the Company revealed that though COVID-19 related travel restrictions temporarily idled two drillships, both drillships resumed […]

Liza Destiny Crude Export Tankers

For parties desirous of purchasing the Liza Crude, please note that FPSO LIZA DESTINY can accept Aframax, Suezmax and VLCC tankers (subject to seasonal restrictions) for offloading. Smaller vessels are not acceptable. VLCC – Very Large Crude Carriers