Guyana
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Guyana boasts some of the world's most economic offshore fields. Now it must navigate how to produce them in a world that is asking for oil producers to pull back. -
Major makes another discovery in Stabroek block, comes away empty in Canje
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CEO John Hess said the Whiptail discovery could form the basis for a future oil development in the southeast area of the Stabroek Block.
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The latest success for the ExxonMobil-led consortium is also adding drillships to support a 15-well campaign in the Stabroek Block.
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Country’s president expects 10 additional wells in its waters this year.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
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The Hassa-1 exploration well in the prolific Stabroek Block was the giant’s second setback to its drilling campaign in recent months.
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With a replacement gas injection system successfully installed, the Liza Destiny FPSO has reached its peak capacity of 120,000 B/D on the one-year anniversary of its commissioning.
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With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.
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ExxonMobil is evaluating additional development opportunities in the Stabroek Block with plans for five drillships operating offshore Guyana by the end of 2020.
