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 […]
GoG welcomes three new Offshore Oil Discoveries within the Stabroek Block
-discoveries add to almost 11 billion barrels of oil equivalent The Government of Guyana through the Ministry of Natural Resources, in compliance with the principles of transparency and accountability, is pleased to announce three new oil-field discoveries by Exxon Exploration and Production Guyana (EEPGL) and partners at Barreleye, Patwa-1, and Lukanani-1 Wells Offshore Guyana […]
Guyana’s recoverable oil resources increased to approximately 10 billion oil equivalent barrels with the newest Cataback-1 well discovery
MEDIA STATEMENTGuyana’s recoverable oil resources increased to approximately 10 billion oil equivalent barrels with the newest Cataback-1 well discovery Guyana currently has the 3rd highest oil reserves in the Latin America and Caribbean Region, and as the petroleum sector continues to drive the country’s economic growth, the Ministry of Natural Resources on behalf of the […]
GoG welcomes new Offshore Oil Discoveries
– new discoveries position Guyana to exceed a total of 9 billion oil-equivalent barrels The Ministry of Natural Resources on behalf of the Government of Guyana is pleased to announce Guyana’s newest Oil Discovery by Exxon Exploration and Production Guyana (EEPGL) and partners at Pinktail Offshore Guyana, within the Stabroek Block. The Pinktail well encountered […]
Media Statement – GoG welcomes 20th Offshore Oil Discovery
As Minister of Natural Resources with responsibility for the Petroleum Sector and on behalf of the Government of Guyana, it gives me great pleasure and honour to announce Guyana’s 20th Offshore Oil Discovery at Longtail-3 Offshore Guyana within the Stabroek Block offshore. The Longtail-3 discovery will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently […]
Exxon strikes oil at Uaru-2 well
A pictorial representation of ExxonMobil’s operations offshore Guyana, in the various blocks (Photo courtesy ExxonMobil) –estimated recoverable resources to surpass 9 billion barrels–at least six projects, 10 FPSOs to be active in Guyana’s waters by 2027 (Guyana Chronicle) ESTIMATED recoverable resources at the Stabroek Block, offshore Guyana, is expected to surpass the projected nine billion […]
EXXONMOBIL MAKES NEW OIL DISCOVERY AT UARU-2 OFFSHORE GUYANA
ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 feet (36.7 meters) of high quality oil bearing […]
Press Statement on 19th Offshore Oil Discovery within the Stabroek Block
Hon. Vickram Bharrat M.P., Minister of Natural Resources On behalf of the Government of Guyana and as Minister of Natural Resources with responsibility for the Petroleum Sector, it gives me great pleasure to announce Guyana’s 19th Offshore Oil Discovery at the Uaru-2 well within the Stabroek Block offshore Guyana. The Uaru-2 discovery will add to the previously […]
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
Ship Offshore Guyana 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. […]
‘High-Quality Reservoirs’ Found at Yellowtail-2 – Hess
HESS Discoveries 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 […]