07 Nov 2024
-first well to be drilled in Canje block
The Government of Guyana has welcomed the announcement by Westmount Energy that US oil major ExxonMobil has begun drilling in the Bulletwood-1 well in the Canje Block, offshore Guyana.
Minister of Natural Resources Hon. Vickram Bharrat said the well was…
26 Apr 2024
(OilNow) The Stena Carron rig is resuming drilling operations at the Koebi-1 prospect in the prolific Stabroek Block offshore Guyana after an initial operation at the well site in March.
The well is situated approximately 120.6 nautical miles (223.4 kilometers) from the coast and covers an area o…
29 Sep 2023
Intended Exit from the Kaieteur Block – 28th September 2023
The Government of Guyana (GoG), through the Ministry of Natural Resources (MNR), has been informed by ExxonMobil Guyana Limited (EMGL) and Hess Guyana (Block B) Exploration Limited (Hess) of their intent to withdraw from the Kaieteu…
13 Jul 2021
(Guyana Chronicle) DRILLING of the Kawa-1 well, the first well at the Corentyne Block offshore Guyana, is set to commence before August 15 and will cost close to US$85 million, CGX Energy Inc has said.The Kawa-1 well is located in the north-east quadrant of the Corentyne Block, approximate…
07 Jul 2021
(OIlNow) CGX Energy Inc. has commenced drilling operations at the Kawa-1 prospect on the Corentyne block located approximately 90 nautical miles (167 kilometers) offshore Guyana.
Kawa-1 is expected to be drilled to a depth of around 6,500 metres in water depth of approximately 370m. The dril…
07 Jun 2021
(OIlNow) Exploration drilling in the Canje Block offshore Guyana continues at the Jabillo-1 prospect located approximately 261 kilometers offshore.
The Stena Carron had initiated drilling operations at Jabillo-1 on March 14 as part of a three-well campaign planned this year on the acreage, operat…
27 Apr 2021
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 ad…
30 Mar 2021
–awaiting additional resources to commence drilling
(Guyana Chronicle) GUYANA’S waters is now home to six drill ships, with the recent arrival of Noble Corporation’s Sam Croft, which will be servicing the operations of global oil giant, ExxonMobil, and its affiliates.
The Guyana Chronicle was …
12 Mar 2021
The Government of Guyana through the Ministry of Natural Resources in keeping its commitment to all citizens wishes to highlight Guyana’s upward oil production trajectory since production began in December 2019 on the Liza Destiny.
The Ministry of Natural Resources remains optimistic that the…
30 Sep 2020
IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. 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 2…
23 Sep 2020
Minister of Natural Resources, Hon. Vickram Bharrat says a petroleum task force will soon be set up and will explore the possibilities of bringing natural gas to shore as the administration advances its plans to diversify and expand power supply.
“They will look at the previous study…
08 Sep 2020
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 …
26 Aug 2020
– Minister Bharrat says new crude marketing firm by October
(Guyana Chronicle) GUYANA could expect its fourth shipment of crude in November 2020, as the Ministry of Natural Resources is working to secure a suitable firm to market Guyana’s crude by October.
The country secured its third crude l…
14 Aug 2020
(OilNow) A review of the Payara Development Project that is being undertaken by the new administration in Guyana is expected to be completed before the end of the month after which a decision on its approval is expected to be made. After taking up office just over a week ago, the Government had take…
11 Aug 2020
(Oilnow) At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain.
Most of the discoveries offshore Guyana to dat…
09 Aug 2020
The hunt for more hydrocarbons continues offshore Guyana, this time outside of the prolific Stabroek Block, as ExxonMobil prepares to conduct a new drill campaign in the 3.3 million acres ultra-deepwater Kaieteur Block some 155 miles off the coast of the South American country.
The Stena Carron d…
07 Aug 2020
CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic acquisition conducted on the block has identified two potentially highly prospective large channel sand reser…
29 Jul 2020
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 tho…