Guyana
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction. -
Additional milestones reached could add $14 million to purchase price.
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The Exxon-lead consortium, which includes Hess and the China National Offshore Oil Corporation as partners, will present a field development plan to the Guyana government in October for the Whiptail field.
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Well and sidetrack encountered pay in the targeted Santonian interval.
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The deal covers the supply of more than 50 km of dynamic and static subsea umbilicals.
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Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
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The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.
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The nation set to offer 14 offshore blocks in April.
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The Uaru development is expected to pump 250,000 barrels of oil at peak.
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The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
