“This discovery helps to further inform the development of the Turbot area,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. The Stabroek Block is 6.6 million acres (26,800 square kilometers). Exxon has a 35% stake in the licence, while Cataleya Energy has 25%, Ratio Guyana 25% and a … In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. By Kemol King Kaieteur News – Due to ExxonMobil’s ramp-up of toxic gas flaring at the Liza Phase One operation, so much has been emitted that Guyana is now one of the top five countries in the world for volume flared per year, per capita. Kaieteur News – Vice President, Dr. Bharrat Jagdeo takes issue with the fact that some of the wording of the Stabroek Block Production Sharing Agreement (PSA) creates the impression that ExxonMobil and its co-contractors have sovereignty over Guyana. ExxonMobil will add a fourth drillship, the Noble Don Taylor, in October 2019 as we continue to optimize our drilling plans based on well results and ongoing study of the basin. Payara is … U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Tripletail-1, drilled in 6,572 feet (2,003 meters) of water, is located approximately 3 miles (5 kilometers) northeast of the Longtail discovery. Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which... Read more Exploration OilNOW - November 30, 2020 0 Kaieteur News – Vice President, Dr. Bharrat Jagdeo takes issue with the fact that some of the wording of the Stabroek Block Production Sharing Agreement (PSA) creates the impression that ExxonMobil and its co-contractors have sovereignty over Guyana. ExxonMobil has commenced drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana according to reports from Westmount Energy on Tuesday. Pending government approvals, a third development, Payara startup could be as early as 2023 and production would reach an estimated 220,000 barrels of oil per day. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. Guyana Newsroom has reported that last week, the new head of ExxonMobil’s operation in Guyana, Alistair Routledge, issued a statement to clarify pronouncements he made earlier this month about the company taking its money elsewhere. ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. References to “recoverable resource,” “oil-equivalent barrels,” and similar terms in this release include quantities that are not yet classified as proved reserves under SEC rules but that are expected to be ultimately recoverable. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. The news was shared Tuesday by Westmount Energy, an indirect partner in the Canje Block. ExxonMobil Guyana has grown from 21 employees in 2017 to 156 at the end of the first quarter of 2020, more than 55 percent of whom are Guyanese. Liza Phase 2, … University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, Tripletail-1 well is located in Turbot area on the Stabroek Block, Fourth drillship to begin Guyana operations in October. ExxonMobil affiliate Esso Exploration and Production Guyana Limited operates the 6.6 million-acre (26,800-square-kilometer) Stabroek Block and holds a 45-percent interest in it. Guyana Article • Oct. 1, 2020 Guyana News Exxon begins drilling for oil in another block ExxonMobil has started drilling operations at the Bulletwood-1 well site in the controversial offshore Canje block. The more than GY$2.7 billion invested by ExxonMobil in contributions and sponsorships of various organisations and activities across Guyana will not be recovered by the company, a top official said on Tuesday. 0 ExxonMobil Guyana today made a contribution of GY$32M to the Ministry of Health for the acquisition of 20,000 COVID-19 antigen testing kits. Liza Phase 2 will produce up to 220,000 barrels of oil per day at peak rates, using the Liza Unity FPSO. ExxonMobil owns a 45% stake in the Stabroek block, with Hess Corporation HES holding a 30% interest. ExxonMobil approved funding for the Liza Phase 2 development after it received government and regulatory approvals in May 2019. Prosperity hovered on the horizon of Guyana, a small South American country, after ExxonMobil discovered eight billion barrels of oil off its coast late last year, but … ExxonMobil (NYSE:XOM) has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Exxon made its first Guyana oil discovery in the offshore Stabroek Block during May 2015. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. President of ExxonMobil Guyana, Alistair Routledge presented the cheque to Minister of Health Dr. Frank Anthony at … Vice President, Dr. Bharrat Jagdeo “We have had very little discussion with the government. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of commercial negotiations; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com. The announcement was made by the organisation in a statement today. Kaieteur News – ExxonMobil Guyana has yet again made unverified claims using block figures in its local content public relations campaign. The $9 billion development will target an estimated resource base of about 600 million oil-equivalent barrels. Westmount Energy is an indirect partner in the Canje Block. Even before Guyana confirmed its first Coronavirus-related death, Stabroek Block Operator, ExxonMobil has been taking several precautionary measures since news of the outbreak, one of which includes cutting business travel to these shores. Meanwhile, the CEO acknowledged the partnership between ExxonMobil Guyana and Iwokrama has provided much support for conservation and science activities as well as the work we do within communities. By Kiana Wilburg. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. By Kemol King. The Liza Phase 1 development remains on schedule to start up by early 2020 and will produce up to 120,000 barrels of oil per day utilizing the Liza Destiny floating production storage and offloading (FPSO), which arrived in Guyana on August 29, 2019. A release from the … ExxonMobil Guyana has grown from 21 employees in 2017 to 156 at the end of the first quarter of 2020, more than 55 percent of whom are Guyanese. "This is how the U.S. confesses its complicit participation in the conspiracy that intends to seize the territory of Guayana Esequiba from Venezuela. ExxonMobil Guyana has made 18 discoveries since May 2015 and begun production in December 2019 from the Liza Phase 1 development. All Rights Reserved. Unlike Exxon's previous Guyana wells which were drilled in the Stabroek offshore block, and which unearthed more than 8 billion barrels of oil, the Tanager-1 well was drilled in the nearby Kaieteur Block. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. The total number of persons supporting ExxonMobil Guyana’s activities is now more than 4,200 with 2,200 of these being Guyanese. Kaieteur News – Due to ExxonMobil’s ramp-up of toxic gas flaring at the Liza Phase One operation, so much has been emitted that Guyana is now one of the top five countries in the world for volume flared per year, per capita. Stay up to date with the latest from ExxonMobil. In celebrating its one year anniversary producing oil at the Liza Phase One project, the company said “Investment in the local economy continues to increase as the Liza Phase Two and Payara projects advance. An Exxon Mobil drill ship hit oil again in offshore Guyana. All Rights Reserved. In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. Westmount Energy is an indirect partner in the Canje Block. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. See full statement below: The climate emergency is the greatest threat facing the world. The largest U.S. oil company announced Monday it had discovered crude at its deepwater Mako 1 … ExxonMobil affiliate Esso Exploration and Production Guyana Limited operates the 6.6 million-acre (26,800-square-kilometer) Stabroek Block and holds a 45-percent interest in it. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Liza Phase 2 remains on track to begin producing oil by early 2022. Sources had told this newspaper that Exxon affiliate Esso Exploration and Production Guyana Limited (EEPGL) had experienced spills of hydraulic fluids due … The US and Guyanese governments announced joint military patrols on the disputed Venezuela-Guyana border amid oil exploration in the territorial waters of the Essequibo strip by US Exxon Mobil,which is looking to exploit the estimated 15 billion barrels of oil recently discovered pic.twitter.com/mOHJTzHhnb — elmir (@elmir1975) September 23, 2020 The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday. ExxonMobil continues to tout unverified local content figures Dec 21, 2020 News Kaieteur News – ExxonMobil Guyana has yet again made unverified claims using block figures in its local content public relations campaign. It was located near the Kaieteur Block, offshore Guyana. ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely … IRVING, Texas – ExxonMobil said today it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The announcement was made by the organisation in a statement … The Noble Bob Douglas drillship is currently completing development drilling operations for the Liza Phase 1 project. ExxonMobil Guyana has grown from 21 employees in 2017 to 156 at the end of the first quarter of 2020, more than 55 percent of whom are Guyanese. U.S. oil major ExxonMobil has made another oil discovery off Guyana, at the Tanager-1 well, however, the discovery is reported as non-commercial. The 6.6 million acre Stabroek field is a joint venture between Exxon, New York-based Hess Corp. and the China National Offshore Oil Corporation. Stay up to date with the latest from ExxonMobil. Guyana Newsroom has reported that last week, the new head of ExxonMobil’s operation in Guyana, Alistair Routledge, issued a statement to clarify pronouncements he made earlier this month about the company taking its money elsewhere. ExxonMobil is now firmly established in Guyana, operating an office in Georgetown, with numerous ongoing exploration and development operations offshore. The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and provide cheap electricity to the nation as well as entrench local content requirements to ensure Guyanese are not paid lower salaries than in other countries, Vice President Bharrat Jagdeo told a news conference on Friday. ExxonMobil’s Guyana Country Manager, Rod Henson During Henson’s tenure, he presided over a number of important operational milestones, including the production of Guyana’s first oil in December 2019. ExxonMobil used the Stena Carron drillship to drill the Tanager-1 well last November, whose outcome was uneconomic in nature. ExxonMobil plans up to 10 FPSOs to develop Guyana’s Stabroek Block December 3, 2020 0 ExxonMobil could install as many as 10 floating production, storage and offloading vessels, or FPSOs, at the Stabroek block off the coast of Guyana, the company’s … Capital Constraints Lead ExxonMobil To Raise Focus On Giant Guyana Development Obviously, any local content plan that results in further delays or … ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. Award-winning international transparency watchdog Global Witness has withdrawn its ‘Signed Away’ Report on the 2016 oil deal with the Guyana Government and US-based ExxonMobil. After completion of operations at Tripletail, the Noble Tom Madden drillship will next drill the Uaru-1 well, located approximately 6 miles (10 kilometers) east of the Liza field. Guyana News ExxonMobil announces two more discoveries offshore Guyana ExxonMobil said today that it had made two additional discoveries offshore Guyana at the Tilapia-1 … “Together with our partners, ExxonMobil is deploying industry-leading capabilities to identify projects that can be developed efficiently and in a cost-effective way.”. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, Third Guyana development receives final investment decision following government approval, Production to begin in 2024; production capacity of 220,000 barrels per day, ExxonMobil grows Guyanese workforce with project development and investment. Guyana Article • Oct. 1, 2020 The total number of persons supporting ExxonMobil Guyana’s activities is now more than 4,200 with 2,200 of these being Guyanese. Tripletail-1 encountered approximately 108 feet (33 meters) of a high-quality oil bearing sandstone reservoir. Exxon Mobil Corporation XOM recently commenced drilling at Bulletwood-1 well, located in the Canje Block, offshore Guyana, per reports. (MercoPress)–December 22nd, 2020–ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina. Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which... Read more Exploration OilNOW - November 30, 2020 0 Exploration and development activities are moving forward elsewhere on the Stabroek Block offshore Guyana. © Copyright 2003-2020 Exxon Mobil Corporation. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. ExxonMobil on Wednesday welcomes the Guyana government’s position that it would review rather than renegotiate oil contracts as that would cause investor uncertainty. ExxonMobil has been a major supporter of the Iwokrama Science Programme, providing more than GY $ 180 million since 2017. ExxonMobil stepping up Guyana drilling but latest Stabroek well disappoints Hassa wildcat proves a let down but supermajor's drilling plans include two or three wells on Canje block ExxonMobil Guyana is celebrating the first year of oil production from the Liza field offshore and says it has reached full capacity of 120,000 barrels per day. ExxonMobil stepping up Guyana drilling but latest Stabroek well disappoints Hassa wildcat proves a let down but supermajor's drilling plans include two or three wells on Canje block Exxon’s latest well comes up dry offshore Guyana Hassa-1, ExxonMobil’s latest exploration well, in the offshore Stabroek Block, has come up … ExxonMobil’s Esso Production & Exploration Guyana drilled the well on the Kaietur Block. ExxonMobil Guyana Head, Alistair Routledge EPA Head, Dr. Vincent Adams Albeit small in nature, head of the Environmental Protection Agency (EPA), Dr. Vincent Adams, said he is deeply concerned about the “dangerous signal” these spills send about ExxonMobil’s safety culture and its approach towards addressing environmental infractions. Graph shows countries by flaring per year, per capita. “We have a robust exploration program ahead […] Expected to startup by mid-2022, the project plans to use the Liza Unity FPSO to produce up to 220,000 barrels of oil per day. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. It protects the predatory interests of the transnational oil company ExxonMobil and instrumentalizes Guyana for dark corporate pretensions," Arreaza tweeted. The Stena Carron drillship is currently drilling the Ranger-2 well and upon completion will conduct a well test at Yellowtail-1. ExxonMobil Guyana yesterday donated $32M to the Ministry of Health for the acquisition of 20,000 COVID-19 antigen testing kits. Exxon made its first Guyana oil discovery in the offshore Stabroek Block during May 2015. As production gets started off the Guyanese coast, ExxonMobile on Monday upped its estimate of recoverable crude there to more than 8 billion barrels, up from about 6 … The remaining 25% stake at the block is owned by CNOOC Petroleum Guyana … ExxonMobil Guyana January 11 at 10:30 AM Denmor Garments Manufacturers Inc. and Caribbean Clothing Company Lt ... d., local businesses, secured contracts from SBM to manufacture a total of two thousand coveralls for the workforce in Singapore working on Guyana’s third Floating, Production, Storage and Offloading (FPSO)- The Prosperity. Award-winning international transparency watchdog Global Witness has withdrawn its ‘Signed Away’ Report on the 2016 oil deal with the Guyana Government and US-based ExxonMobil. Guyana project overview ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. ExxonMobil Guyana Today at 10:11 AM Denmor Garments Manufacturers Inc. and Caribbean Clothing Company Lt ... d., local businesses, secured contracts from SBM to manufacture a total of two thousand coveralls for the workforce in Singapore working on Guyana’s third Floating, Production, Storage and Offloading (FPSO)- The Prosperity. ExxonMobil has commenced drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana according to reports from Westmount Energy on Tuesday. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil. Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. More than GY$280 million was invested in … Guyana project overview ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. ExxonMobil to proceed with Payara development offshore Guyana IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. Exxon Mobil Corporation XOM is planning to commence a 31-well exploration campaign offshore Guyana, per Argus. Westmount owns an indirect interest in the Canje Block as a … Westmount owns an indirect interest in the Canje Block as a … America’s biggest energy company, Exxon Mobil, made a big bet on a risky oil prospect in Guyana, a small South American nation. ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil on Tuesday announced that Guyana production from its third vessel could be delayed by six to 12 months and that it is reducing spending globally because of COVID-19.The company said it is reducing its 2020 capital spending by 30 percent an ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday. 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