Guyana

MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.

Deepwater Yellowtail project, onstream 4 months ahead of schedule, is expected to produce an average of 250,000 BOPD.

Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.

Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.

Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.

ExxonMobil and Guyana expect to approach 1 million B/D of oil as the ONE Guyana vessel reaches the Stabroek block.

Amia Morgan, SPE, highlights this event designed to bring together students, young professionals, and seasoned industry experts to foster mentorship, inspire the next generation of STEM leaders, and promote inclusivity.

In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.

The supermajor believes oil and gas will continue to play a major role in the global energy mix over the next 25 years.

After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions.