Tag Archives: Stabroek Block

GUYANA: OIL: ExxonMobil subsidiary EEPGL seeking approval for fourth oil extraction well

— gives assurance on flaring

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ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has applied for an Environmental Authorization to undertake the Yellowtail Development Project – what would be the fourth oil extraction well offshore Guyana.

According to its project summary, the site will be located in the eastern portion of the Stabroek Block, 200 km from Georgetown. Oil production from Yellowtail Development Project is expected to last at least 20 years with approximately 45-55 wells to be drilled offshore to support extraction.        Continue reading

GUYANA: A low-cost oil supplier; as world still needs 50% oil and gas energy – Hess

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Guyana Oil: Excess gas from Liza Phase 1 alone can power all of Guyana for more than 15 years

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By Kiana Wilburg – Kaieteur News

For decades, Guyana has tried and failed in its attempts to address the issue of high energy costs. It appears, however, that this could soon be a closed chapter in the nation’s history given the significant volume of gas that is available for use in the Stabroek Block.

Even though ExxonMobil has not publicly disclosed details about its gas finds, it has made known to the government, and even to the nation’s global partners like the Inter-American Development Bank (IDB), that 30 to 50 million cubic feet of natural gas could be piped to shore for electricity generation. But what exactly does this mean or translate to?        Continue reading

Oil Exploration: ExxonMobil in 15th oil find offshore Guyana

ExxonMobil today said it had made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block.

In a release, the company said that the discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.            Continue reading

Guyana’s Oil: Liza Phase Two to produce 6.6M barrels per month

– gets green light from local authorities for project development

According to EPA documents, oil production from the Liza Phase Two Development is expected to last at least 20 years. EEPGL will drill approximately 35-40 wells offshore to support extraction of the oil from below the sea floor.

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