ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. The $9 billion development will target an estimated resource base of about 600 million oil-equivalent barrels. Exxon’s latest well comes up dry offshore Guyana Hassa-1, ExxonMobil’s latest exploration well, in the offshore Stabroek Block, has come up … The total number of persons supporting ExxonMobil Guyana’s activities is now more than 4,200 with 2,200 of these being Guyanese. It was located near the Kaieteur Block, offshore Guyana. By Kemol King Kaieteur News – Due to ExxonMobil’s ramp-up of toxic gas flaring at the Liza Phase One operation, so much has been emitted that Guyana is now one of the top five countries in the world for volume flared per year, per capita. Guyana Article • Oct. 1, 2020 Exxon made its first Guyana oil discovery in the offshore Stabroek Block during May 2015. ExxonMobil’s Esso Production & Exploration Guyana drilled the well on the Kaietur Block. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Even before Guyana confirmed its first Coronavirus-related death, Stabroek Block Operator, ExxonMobil has been taking several precautionary measures since news of the outbreak, one of which includes cutting business travel to these shores. By Kiana Wilburg. ExxonMobil Guyana yesterday donated $32M to the Ministry of Health for the acquisition of 20,000 COVID-19 antigen testing kits. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. As production gets started off the Guyanese coast, ExxonMobile on Monday upped its estimate of recoverable crude there to more than 8 billion barrels, up from about 6 … Graph shows countries by flaring per year, per capita. As production gets started off the Guyanese coast, ExxonMobile on Monday upped its estimate of recoverable crude there to more than 8 billion barrels, up from about 6 … Westmount Energy is an indirect partner in the Canje Block. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. ExxonMobil owns a 45% stake in the Stabroek block, with Hess Corporation HES holding a 30% interest. An Exxon Mobil drill ship hit oil again in offshore Guyana. ExxonMobil stepping up Guyana drilling but latest Stabroek well disappoints Hassa wildcat proves a let down but supermajor's drilling plans include two or three wells on Canje block ExxonMobil Guyana is celebrating the first year of oil production from the Liza field offshore and says it has reached full capacity of 120,000 barrels per day. The news was shared Tuesday by Westmount Energy, an indirect partner in the Canje Block. ExxonMobil Guyana has grown from 21 employees in 2017 to 156 at the end of the first quarter of 2020, more than 55 percent of whom are Guyanese. Award-winning international transparency watchdog Global Witness has withdrawn its ‘Signed Away’ Report on the 2016 oil deal with the Guyana Government and US-based ExxonMobil. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of commercial negotiations; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. ExxonMobil used the Stena Carron drillship to drill the Tanager-1 well last November, whose outcome was uneconomic in nature. Guyana project overview ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. Exxon Mobil Corporation XOM is planning to commence a 31-well exploration campaign offshore Guyana, per Argus. America’s biggest energy company, Exxon Mobil, made a big bet on a risky oil prospect in Guyana, a small South American nation. Vice President, Dr. Bharrat Jagdeo ExxonMobil continues to tout unverified local content figures Dec 21, 2020 News Kaieteur News – ExxonMobil Guyana has yet again made unverified claims using block figures in its local content public relations campaign. All Rights Reserved. ExxonMobil affiliate Esso Exploration and Production Guyana Limited operates the 6.6 million-acre (26,800-square-kilometer) Stabroek Block and holds a 45-percent interest in it. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. ExxonMobil stepping up Guyana drilling but latest Stabroek well disappoints Hassa wildcat proves a let down but supermajor's drilling plans include two or three wells on Canje block ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. ExxonMobil Guyana has grown from 21 employees in 2017 to 156 at the end of the first quarter of 2020, more than 55 percent of whom are Guyanese. ExxonMobil’s Guyana Country Manager, Rod Henson During Henson’s tenure, he presided over a number of important operational milestones, including the production of Guyana’s first oil in December 2019. Westmount owns an indirect interest in the Canje Block as a … ExxonMobil Guyana Head, Alistair Routledge EPA Head, Dr. Vincent Adams Albeit small in nature, head of the Environmental Protection Agency (EPA), Dr. Vincent Adams, said he is deeply concerned about the “dangerous signal” these spills send about ExxonMobil’s safety culture and its approach towards addressing environmental infractions. Guyana News Exxon begins drilling for oil in another block ExxonMobil has started drilling operations at the Bulletwood-1 well site in the controversial offshore Canje block. Guyana Newsroom has reported that last week, the new head of ExxonMobil’s operation in Guyana, Alistair Routledge, issued a statement to clarify pronouncements he made earlier this month about the company taking its money elsewhere. The more than GY$2.7 billion invested by ExxonMobil in contributions and sponsorships of various organisations and activities across Guyana will not be recovered by the company, a top official said on Tuesday. U.S. oil major ExxonMobil has made another oil discovery off Guyana, at the Tanager-1 well, however, the discovery is reported as non-commercial. Sources had told this newspaper that Exxon affiliate Esso Exploration and Production Guyana Limited (EEPGL) had experienced spills of hydraulic fluids due … Tripletail-1, drilled in 6,572 feet (2,003 meters) of water, is located approximately 3 miles (5 kilometers) northeast of the Longtail discovery. Stay up to date with the latest from ExxonMobil. The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and provide cheap electricity to the nation as well as entrench local content requirements to ensure Guyanese are not paid lower salaries than in other countries, Vice President Bharrat Jagdeo told a news conference on Friday. Exploration and development activities are moving forward elsewhere on the Stabroek Block offshore Guyana. References to “recoverable resource,” “oil-equivalent barrels,” and similar terms in this release include quantities that are not yet classified as proved reserves under SEC rules but that are expected to be ultimately recoverable. Kaieteur News – Vice President, Dr. Bharrat Jagdeo takes issue with the fact that some of the wording of the Stabroek Block Production Sharing Agreement (PSA) creates the impression that ExxonMobil and its co-contractors have sovereignty over Guyana. Kaieteur News – ExxonMobil Guyana has yet again made unverified claims using block figures in its local content public relations campaign. 0 ExxonMobil Guyana today made a contribution of GY$32M to the Ministry of Health for the acquisition of 20,000 COVID-19 antigen testing kits. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. The announcement was made by the organisation in a statement … We operate facilities or market products all over the world and explore for oil and natural gas on six continents. ExxonMobil will add a fourth drillship, the Noble Don Taylor, in October 2019 as we continue to optimize our drilling plans based on well results and ongoing study of the basin. After completion of operations at Tripletail, the Noble Tom Madden drillship will next drill the Uaru-1 well, located approximately 6 miles (10 kilometers) east of the Liza field. ExxonMobil has been a major supporter of the Iwokrama Science Programme, providing more than GY $ 180 million since 2017. Expected to startup by mid-2022, the project plans to use the Liza Unity FPSO to produce up to 220,000 barrels of oil per day. Payara is … “We have a robust exploration program ahead […] Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which... Read more Exploration OilNOW - November 30, 2020 0 In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. Pending government approvals, a third development, Payara startup could be as early as 2023 and production would reach an estimated 220,000 barrels of oil per day. The Liza Phase 1 development remains on schedule to start up by early 2020 and will produce up to 120,000 barrels of oil per day utilizing the Liza Destiny floating production storage and offloading (FPSO), which arrived in Guyana on August 29, 2019. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, Third Guyana development receives final investment decision following government approval, Production to begin in 2024; production capacity of 220,000 barrels per day, ExxonMobil grows Guyanese workforce with project development and investment. The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday. © Copyright 2003-2020 Exxon Mobil Corporation. The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil Guyana January 11 at 10:30 AM Denmor Garments Manufacturers Inc. and Caribbean Clothing Company Lt ... d., local businesses, secured contracts from SBM to manufacture a total of two thousand coveralls for the workforce in Singapore working on Guyana’s third Floating, Production, Storage and Offloading (FPSO)- The Prosperity. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest. In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. The largest U.S. oil company announced Monday it had discovered crude at its deepwater Mako 1 … The Noble Bob Douglas drillship is currently completing development drilling operations for the Liza Phase 1 project. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. Guyana Newsroom has reported that last week, the new head of ExxonMobil’s operation in Guyana, Alistair Routledge, issued a statement to clarify pronouncements he made earlier this month about the company taking its money elsewhere. The Stena Carron drillship is currently drilling the Ranger-2 well and upon completion will conduct a well test at Yellowtail-1. The 6.6 million acre Stabroek field is a joint venture between Exxon, New York-based Hess Corp. and the China National Offshore Oil Corporation. In celebrating its one year anniversary producing oil at the Liza Phase One project, the company said “Investment in the local economy continues to increase as the Liza Phase Two and Payara projects advance. It protects the predatory interests of the transnational oil company ExxonMobil and instrumentalizes Guyana for dark corporate pretensions," Arreaza tweeted. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, Tripletail-1 well is located in Turbot area on the Stabroek Block, Fourth drillship to begin Guyana operations in October. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells. The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday. ExxonMobil affiliate Esso Exploration and Production Guyana Limited operates the 6.6 million-acre (26,800-square-kilometer) Stabroek Block and holds a 45-percent interest in it. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Exxon Mobil Corporation XOM recently commenced drilling at Bulletwood-1 well, located in the Canje Block, offshore Guyana, per reports. “Together with our partners, ExxonMobil is deploying industry-leading capabilities to identify projects that can be developed efficiently and in a cost-effective way.”. Kaieteur News – Vice President, Dr. Bharrat Jagdeo takes issue with the fact that some of the wording of the Stabroek Block Production Sharing Agreement (PSA) creates the impression that ExxonMobil and its co-contractors have sovereignty over Guyana. Award-winning international transparency watchdog Global Witness has withdrawn its ‘Signed Away’ Report on the 2016 oil deal with the Guyana Government and US-based ExxonMobil. The remaining 25% stake at the block is owned by CNOOC Petroleum Guyana … Liza Phase 2 remains on track to begin producing oil by early 2022. Guyana Article • Oct. 1, 2020 Liza Phase 2 will produce up to 220,000 barrels of oil per day at peak rates, using the Liza Unity FPSO. Kaieteur News – Due to ExxonMobil’s ramp-up of toxic gas flaring at the Liza Phase One operation, so much has been emitted that Guyana is now one of the top five countries in the world for volume flared per year, per capita. Stay up to date with the latest from ExxonMobil. See full statement below: The climate emergency is the greatest threat facing the world. ExxonMobil Guyana has made 18 discoveries since May 2015 and begun production in December 2019 from the Liza Phase 1 development. ExxonMobil Guyana has grown from 21 employees in 2017 to 156 at the end of the first quarter of 2020, more than 55 percent of whom are Guyanese. ExxonMobil plans up to 10 FPSOs to develop Guyana’s Stabroek Block December 3, 2020 0 ExxonMobil could install as many as 10 floating production, storage and offloading vessels, or FPSOs, at the Stabroek block off the coast of Guyana, the company’s … Exxon has a 35% stake in the licence, while Cataleya Energy has 25%, Ratio Guyana 25% and a … With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. ExxonMobil Guyana Today at 10:11 AM Denmor Garments Manufacturers Inc. and Caribbean Clothing Company Lt ... d., local businesses, secured contracts from SBM to manufacture a total of two thousand coveralls for the workforce in Singapore working on Guyana’s third Floating, Production, Storage and Offloading (FPSO)- The Prosperity. ExxonMobil to proceed with Payara development offshore Guyana IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. “We have had very little discussion with the government. Westmount Energy is an indirect partner in the Canje Block. ExxonMobil has commenced drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana according to reports from Westmount Energy on Tuesday. A release from the … The US and Guyanese governments announced joint military patrols on the disputed Venezuela-Guyana border amid oil exploration in the territorial waters of the Essequibo strip by US Exxon Mobil,which is looking to exploit the estimated 15 billion barrels of oil recently discovered pic.twitter.com/mOHJTzHhnb — elmir (@elmir1975) September 23, 2020 Guyana project overview ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. More than GY$280 million was invested in … U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana. All Rights Reserved. ExxonMobil approved funding for the Liza Phase 2 development after it received government and regulatory approvals in May 2019. Tripletail-1 encountered approximately 108 feet (33 meters) of a high-quality oil bearing sandstone reservoir. The total number of persons supporting ExxonMobil Guyana’s activities is now more than 4,200 with 2,200 of these being Guyanese. Exxon made its first Guyana oil discovery in the offshore Stabroek Block during May 2015. “This discovery helps to further inform the development of the Turbot area,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. Meanwhile, the CEO acknowledged the partnership between ExxonMobil Guyana and Iwokrama has provided much support for conservation and science activities as well as the work we do within communities. © Copyright 2003-2020 Exxon Mobil Corporation. ExxonMobil is now firmly established in Guyana, operating an office in Georgetown, with numerous ongoing exploration and development operations offshore. "This is how the U.S. confesses its complicit participation in the conspiracy that intends to seize the territory of Guayana Esequiba from Venezuela. IRVING, Texas – ExxonMobil said today it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. The announcement was made by the organisation in a statement today. Unlike Exxon's previous Guyana wells which were drilled in the Stabroek offshore block, and which unearthed more than 8 billion barrels of oil, the Tanager-1 well was drilled in the nearby Kaieteur Block. ExxonMobil on Wednesday welcomes the Guyana government’s position that it would review rather than renegotiate oil contracts as that would cause investor uncertainty. ExxonMobil on Tuesday announced that Guyana production from its third vessel could be delayed by six to 12 months and that it is reducing spending globally because of COVID-19.The company said it is reducing its 2020 capital spending by 30 percent an Since 2015, ExxonMobil has made 18 discoveries at the Stabroek block offshore Guyana with just two non-commercial encounters – Skipjack-1 and Sorubim-1 – which... Read more Exploration OilNOW - November 30, 2020 0 ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely … Capital Constraints Lead ExxonMobil To Raise Focus On Giant Guyana Development Obviously, any local content plan that results in further delays or … Prosperity hovered on the horizon of Guyana, a small South American country, after ExxonMobil discovered eight billion barrels of oil off its coast late last year, but … ExxonMobil has commenced drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana according to reports from Westmount Energy on Tuesday. (MercoPress)–December 22nd, 2020–ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina. Westmount owns an indirect interest in the Canje Block as a … The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. President of ExxonMobil Guyana, Alistair Routledge presented the cheque to Minister of Health Dr. Frank Anthony at … By Kemol King. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. 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