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Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali's administration. The group remains interested in the block and talks are continuing ...
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]
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 ...
The prize in the contest is Hess' 30% stake in the Stabroek offshore Guyana joint venture with some 11.6 billion barrels in oil and gas discovered so far. The consortium, which includes Exxon with ...
The agreement came as U.S. oil major Exxon Mobil Corp, as part of a consortium with Hess Corp, ramped up crude output from Guyana's massive offshore Stabroek block, a large portion of which is in waters claimed by Venezuela. [3]
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.
ExxonMobil (XOM) expects the Payara project to produce 220,000 barrels of oil per day and come online in 2024.
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 ...