Uaru News

ExxonMobil Finds More Oil in Stabroek Block Offshore Guyana

Jun 09, 2021

U.S. oil major ExxonMobil said Wednesday it had made another oil discovery in the Stabroek block offshore Guyana, this time at the Longtail-3 well.'Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified…

ExxonMobil Makes Oil Discovery at Uaru-2 Offshore Guyana

Apr 27, 2021

U.S. oil major ExxonMobil said on Tuesday it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently…

Remazel to Deliver Equipment for SBM Offshore's Prosperity FPSO

May 12, 2021

SBM Offshore, one of the world's largest suppliers of FPSOs, has hired the Italian engineering firm Remazel Engineering for the supply of a mooring tensioning system and riser pull-in package for an FPSO being built for deployment at ExxonMobil's Stabroek block in Guyana…

Guyana to See Record Number of Offshore Wells Drilled in 2021

Mar 15, 2021

Guyana, a country that has become a deepwater oil and gas exploration hotspot mostly due to a string of discoveries made by ExxonMobil in recent years, is set for a record year when it comes to the number of offshore wells expected to be drilled in 2021…

Guyana: ExxonMobil Sanctions $9B Payara Offshore Development

Oct 01, 2020

U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government.To remind, Reuters last Friday reported that Guyana was close to reaching…

ExxonMobil Gives Boost to Guyana Oil Reserves. Makes Another Discovery

Jan 27, 2020

ExxonMobil has struck another oil discovery offshore Guyana and has raised its estimate for recoverable resource base in Guyana to more than 8 billion barrels of oil equivalent. This is a 2 billion barrel increase compared to the previous estimate…

Offshore Accounts for 60% of Oil Discoveries

Feb 16, 2020

Offshore discoveries accounted for more than 60% of global discoveries in 2019, up significantly on previous years, according to a study by GlobalData.GlobalData report reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019…

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…

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