Guyana

Projects in the running include one each from Nigeria, Saudi Arabia, and Guyana.

Appraisal drilling at Block 58’s Sapakara South find is underway.

Contractor will conduct FEED work on ExxonMobil’s Uaru development, which is expected to lead to construction and installation work.

The government is targeting a “fairer share” of the revenues from oil and gas developments.

The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.

Target sands for the Beebei-Potaro well find water.

ExxonMobil awarded the consortium the project management, engineering, and installation of the estimated 190-km pipeline.

The discoveries bring the total number of its finds offshore Guyana to more than 25.

Nations coming together with common interests and approaches to energy is a hallmark of the modern times. Nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname at a recent conference in Suriname, Paramaribo.

ExxonMobil and its partners now believe they have discovered 11 billion BOE.