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Operating and proposed projects in the Stabroek block. Esso, a subsidiary of ExxonMobil, began exploring the off-shore region in 2008. [10] In May 2015 ExxonMobil announced discovery of more than 90 metres of high-quality, oil-bearing sandstone reservoirs about 200 km off the coastline, [11] considered to be one of the largest crude oil discoveries of the past decade. [12]
U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon ...
Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production. Six companies and groups submitted bids ...
In May the government of Guyana announced that ExxonMobil had indeed found promising results in their first round of drilling on the so-called Stabroek Block, an area offshore the Essequibo territory with a size of 26,800 km 2 (10,300 sq mi). The company announced that further drillings would take place in the coming months to better evaluate ...
In March 2024, ExxonMobil discovered oil at the Stabroek block off the coast of Guyana using a drillship. By the end of 2027, it plans to have 6 FPSOs at the block. [33] Oil was discovered off the coast of Angola in May 2024 in a well drilled from February to April in the Kizomba B development area. [34]
December 20 – Production of crude oil starts from the Liza oil field in the Stabroek Block offshore Guyana. [1] Scheduled – The 2019 Guyanese general election was postponed and held on 2 March 2020.
The old name of the city is still reflected in Georgetown's main market, Stabroek Market, which has existed on or near its present location since the 18th century, [7] and the newspaper Stabroek News, established in 1986. [8] The Parliament Building is located in Stabroek on the same spot where the Court of Policy used to be. [6]
Stabroek Market is widely known as the biggest market location in Guyana, where many sellers go to make a living. The market has attracted a great variety of business owners, whose wares range from jewelry to clothes to produce. Stabroek Market is filled with customers every day and is known for its clock located at the top of the building.