ExxonMobil Archives - Panorama Insurance Brokers

Exxon forges ahead with exploration drilling at Pinktail, Cataback

ExxonMobil is forging ahead with its aggressive exploration and appraisal drilling programme offshore Guyana with new prospects being targeted at the 6.6 million acres Stabroek Block. The Noble Sam Croft drill ship is probing Pinktail-1, located 104 nautical miles (192.6 kilometers) offshore, covering an area of 0.29 square nautical miles. The Maritime Administration Department said… Read More

“We are putting science and math fluency on the fast track” – ExxonMobil Guyana

ExxonMobil has contributed $20.9M to the Volunteer Youth Corps. Inc.’s online after school programme for Science, Technology, Engineering, and Mathematics (STEM) education in Guyana. The company says this is in keeping with its commitment to invest in the country’s social and economic progress. In a statement to the press, the Volunteer Youth Corps Inc. (VYC)… Read More

Hess increased stake in Kaieteur Block points to expectation of future discoveries – Rystad Energy

Although the first and deepest well ever to be drilled in the Guyana-Suriname Basin on the Kaieteur Block failed to deliver commercial crude, upstream players on the acreage said the prospect yielded significant data. Tanager-1 reached a total depth of 7,633 metres. Evaluation of LWD, wireline logging and sampling data confirmed 16 metres of net oil… Read More

World’s first Fast4Ward FPSO will soon set sail from Singapore for 80-day journey to Guyana

The Liza Unity FPSO, the first oil production vessel to be built by SBM Offshore using its pioneering Fast4Ward® program, will soon depart the Keppel Shipyard in Singapore for Guyana where it will be spread moored at the ExxonMobil-operated Stabroek Block, producing oil at the Liza Phase 2 Development. “We look forward to the safe… Read More

Guyana has moved from a handful of businesses to over 600 suppliers supporting offshore operations

Guyanese businesses have been playing an increasing role in the offshore exploration and production activities with more services being provided directly from local suppliers now than what previously obtained following the 2015 Liza discovery. This is a direct result of the increased capacity of facilities such as the main shore base servicing the offshore operations… Read More

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at a ceremony held at the Cara Lodge Hotel on Saturday, June 12, in the country’s capital, Georgetown. The vessel is currently in Singapore and is expected to set sail for Guyana shortly. Mrs. Ali’s dedication follows… Read More

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding any commercial hydrocarbons offshore Guyana. The level of uncertainty was so high that U.S. oil major ExxonMobil’s partner at the time – Royal Dutch Shell – although analysing the same data… Read More

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million acres Stabroek Block where over 9 billion barrels of oil equivalent have been found since 2015. The company said in its Longtail-3 discovery announced last Wednesday that Whiptail is the next… Read More