Exxon-led Consortium Reaches 500 Million Barrels in Guyana’s Stabroek Block, Eyes 1.3 Million Daily by 2027

• Thursday, 14th November 2024
• by Doaa Ashraf

ExxonMobil said on Wednesday it had reached 500 million barrels (mmbbl) of oil production from Guyana’s Stabroek block since 2019, with aim to increase production capacity to over 1.3 mmbbl of oil per day by 2027 once...

ExxonMobil Strikes Oil in Uaru-2 Well

• Wednesday, 5th May 2021
• by Editorial Team

ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana, according to ExxonMobil’s press release. Uaru-2 will add to the block’s previously reported gross discovered recoverable resou...

ExxonMobil to Develop Payara Field Offshore Guyana 

• Thursday, 1st October 2020
• by Editorial Team

ExxonMobil has come to a final investment decision (FID) to proceed with developing the Payara field offshore project after receiving approval from Guyana government, according to a press release. Payara is the third ...

ExxonMobil Makes 18th Discovery Offshore Guyana

• Wednesday, 9th September 2020
• by Editorial Team

US supermajor, ExxonMobil, has announced the discovery at the Redtail-1 well which will add to the previously estimated recoverable resources of more than 8 billion barrels of oil equivalent (bbboe) on the Stabroek Bl...

ExxonMobil Presses for Approval for Guyana Project

• Sunday, 30th August 2020
• by Editorial Team

America’s supermajor, ExxonMobil Corporation, is putting pressure on the newly-installed Guyanese government to ratify the company’s third oil project in the Stabroek Block, which has been delayed due to political tur...