"Payara" News

Tullow, Eco complete Orinduik survey

Sep 05, 2017

Tullow Oil and partner Eco Atlantic have completed a 3D seismic survey on the Orinduik Block offshore the co-operative Republic of Guyana. Map of Orinduik, from Eco Atlantic. The…

Tullow, Eco begin Orinduik survey off Guyana

Jul 26, 2017

Tullow Oil and Eco Atlantic Oil & Gas started a 2550sq km seismic survey earlier this month on the Orinduik Block offshore the Co-operative Republic of Guyana. The survey is being conducted by Schlumberger Guyana Inc. (Western Geco) using R/V GECO Eagle and two supporting vessels…

Exxon's hit at Payara-2 ups resources

Jul 25, 2017

ExxonMobil has discovered additional oil at a Payara appraisal well offshore Guyana, upping the ultra deepwater discovery's resources to about 500 MMboe. Map of Stabroek, from Exxon. The…

Updated: Exxon, Hess move forward with Liza

Jun 16, 2017

ExxonMobil and partner Hess have made a final investment decision to proceed with a US$4.4 billion first phase of development of the giant Liza field, in the Stabroek block, offshore Guyana. The firm says it has also had positive results on its latest well on the field…

Tullow lines up Guyana seismic, 2018 drilling potential

Jun 08, 2017

Tullow Oil is planning a 2550sq km 3D seismic survey on the Orinduik Block offshore Guyana, close to ExxonMobil's giant Liza discovery with plans to drill on the block as early as next year. According to partner Eco Atlantic Oil & Gas…

Updated: Exxon in fresh Guyana discovery

Mar 30, 2017

ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well.   Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…

ExxonMobil eyes 2017 Liza FID, first oil 2020

Mar 02, 2017

ExxonMobil is looking to make a final investment decision on its Liza discovery offshore Guyana this year, with first oil expected by 2020, less than five years since its discovery. In an investor presentation yesterday (1 March), the…

Fanning the (E&P) flames

Mar 01, 2017

All eyes may be on Guyana, but there’s plenty of other countries worthy of attention in South America. Audrey Leon surveys the current spike in exploration activity in the region. Image from Anadarko Petroleum’s Q4 Operations Report…

Exxon to start 5 projects by 2018

Jan 31, 2017

US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…

Hess takes Q4 loss, expects momentum

Jan 26, 2017

Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…

Guyana creates Petroleum Directorate

Jan 19, 2017

Guyana's Ministry of Natural Resources says it is planning to have a new Petroleum Directorate established and functioning within Q1 this year. The move comes as the South American country eyes its first offshore oil production, following…

Guyana in the spotlight

Jan 13, 2017

ExxonMobil’s double hit offshore Guyana this week has put the country in the spotlight with expectations of becoming a serious upstream player by early next decade, however, some roadblocks lie ahead, according to Wood Mackenzie.  Map of Guyana…

Hess raises 2017 E&P budget by 18%

Jan 12, 2017

US independent Hess will increase its 2017 exploration and production (E&P) budget, turning its attention to activity offshore Norway, Guyana, and the Gulf of Mexico, the company announced on 12 January. Image from Hess…

Payara pays off for Exxon in Guyana

Jan 12, 2017

ExxonMobil has hit gold offshore Guyana with its new ultra deepwater Payara discovery, in addition to upping its ante at the giant Liza field. The Stena Carron, from Stena Drilling. The…

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