"Payara" News

ExxonMobil Reports Discovery Offshore Guyana

Sep 16, 2019

ExxonMobil has made an oil discovery in the the closely watched Stabroek block offshore Guyana, the supermajor announced on Monday.The discovery in the Tripletail-1 well in the Turbot area adds to the previously announced estimated recoverable…

Exxon Funds Liza Phase 2 off Guyana

May 03, 2019

ExxonMobil has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals, the supermajor announced on Friday.Exxon said startup at Liza Phase 2 is expected in mid-2022, producing up to 220,000 barrels of oil per day from the deepwater Stabroek Block…

ExxonMobil Makes 13th Discovery Offshore Guyana

Apr 19, 2019

American multinational oil and gas corporation ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.The discovery adds to the previously announced estimated recoverable resource of approximately 5…

ExxonMobil Makes Two Discoveries Offshore Guyana

Feb 06, 2019

ExxonMobil and its partners have made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12, the U.S. supermajor announced Wednesday. The discoveries…

ExxonMobil Spuds Exploration Well Offshore Guyana

Jan 07, 2019

ExxonMobil said Monday it has begun drilling the first of two planned wildcat wells offshore Guyana in January.The Stena Carron drillship is drilling the Haimara-1 exploration well, which is located 31 kilometers east of the Pluma-1 discovery in the southeast Stabroek Block…

Hess Made 10th Discovery at Stabroek Offshore

Dec 04, 2018

American global independent energy company Hess Corporation announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block.The company engaged in the exploration and production of crude oil and natural gas said that as…

ExxonMobil Makes Discovery Off Guyana

Dec 03, 2018

U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage…

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

Jun 21, 2018

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality…

Exxon touts further Guyana success

Jan 05, 2018

The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The supermajor is celebrating another large find in South American waters, the company announced today (5 January). Stena Carron drillship…

Rystad: 2017 discovered oil, gas resources down

Dec 21, 2017

How did global oil and gas exploration fare in 2017? It depends on who you ask. Photo from Maersk Drilling. Rystad Energy reported today (21 December) that 2017 was another record low year…

Year in review: 2017's Top 10 discoveries

Dec 19, 2017

Audrey Leon looks at some of 2017's 10 largest offshore discoveries. First published in the December 2017 OE. While exploration hasn’t been as hot as it used to be, the finds this year have been big and plentiful. Wood Mackenzie has provided the year’s 10 biggest finds by volume…

Finding costs fall to $0.50/bbl, lowest since 2011

Dec 18, 2017

Global high-impact* exploration in 2017 is expected to match 2016 in both activity and success rates, and with a marked improvement in commercial oil volumes discovered and lower finding costs. High impact drilling commercial success…

Liza tanker arrives in Singapore

Nov 15, 2017

The tanker destined for ExxonMobil's Liza Phase 1 project, offshore Guyana, has arrived at Keppel's shipyard in Singapore, SBM Offshore announced today (14 November). SBM has said that the tanker's arrival marks the start of the FPSO conversion phase…

ExxonMobil makes fifth Guyana discovery

Oct 05, 2017

ExxonMobil has further confirmed the potential of the Stabroek block offshore Guyana with a fifth oil discovery in the Turbot-1 well. Stena Carron drillship. Image from Stena Drilling. ExxonMobil…

Total lines up stake offshore Guyana

Sep 26, 2017

Total has agreed an option agreement with Eco (Atlantic) Oil & Gas to acquire a 25% stake in the Orinduik Block, offshore Guyana, South America. Eco subsidiary Eco Guyana currently holds a 40% working interest in Orinduik, with Tullow Oil…

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