Guyana

The Pluma-1 discovery could turn the southeast portion of Stabroek Block off Guyana "into a major new development area," the company says.

ExxonMobil’s ninth discovery offshore Guyana solidifies the area as a premium offshore basin.

While US onshore still holds an edge, international oil companies are finding attractive options for diversifying their portfolios, mixing onshore with offshore conventional fields, where finding and development costs are down , and the time it takes to bring them on line.

Scheduled for startup in 2022, the FPSO is expected to produce up to 220,000 BOPD on the development offshore Guyana. Liza is one of eight discoveries ExxonMobil has made in area.

The program aims to advance Guyana’s sustainable economy through investments in education, research, sustainable management, and conservation of the country’s vast ecosystems.

Already poised to produce more than 500,000 B/D offshore Guyana, ExxonMobil added yet another discovery to its bounty in the emerging regional oil powerhouse, meaning a fourth development phase could be in order.

ExxonMobil’s hot streak of offshore discoveries have sparked investor interest in the Guyana-Suriname basin. How did the company get there, and why do industry representatives feel optimistic about future deepwater prospects in the region?

The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.

Expats hold the key to whether its big offshore oil deposits bring riches—or ruin.

Proforma Safety International announced a partnership with the Guyanese agency Lomak Energy Services to support the oil and gas sector with safety consulting services.