Guyana
-
Country’s president expects 10 additional wells in its waters this year. -
Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
-
The Hassa-1 exploration well in the prolific Stabroek Block was the giant’s second setback to its drilling campaign in recent months.
-
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.
-
With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.
-
ExxonMobil is evaluating additional development opportunities in the Stabroek Block with plans for five drillships operating offshore Guyana by the end of 2020.
-
This latest find means the offshore driller has averaged at least three new discoveries each year since it began drilling offshore Guyana where it plans to recover up to 8 billion barrels of crude.
-
Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.
-
ExxonMobil and Halliburton made additional cuts in spending and personnel.
-
A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
