Guyana Oil Fund at work eyesonsuriname Amsterdam, 20 feb 2023– US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in 2027, is expected to cost around…
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What next for emerging oil producing countries like Suriname? eyesonsuriname Amsterdam, Feb 16, 2023 — The global demand for fossil fuels appears to be almost stagnant. Thanks to solar panels, wind turbines and electric cars, the world will use less fossil fuels in the coming years. “It is only the first step in the energy…
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Changing agreement would destabilize confidence eyesonsuriname Amsterdam, Feb 10 2023– ExxonMobil Guyana President, Alistair Routledge defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday. We’ve made now over US$30 billion worth of investment to the country based on the contract as it stands. To change the…
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ch.kennedy /eyesonsuriname Amsterdam, 10 Feb 2023– APA Corporation has struck oil offshore Suriname in a deposit that could hold more than 200 million barrels in reserves. APA Corp. partners with TotalEnergies in Suriname, with a 50:50 split of the stakes in the project. So far, the two have drilled two appraisal wells and another two are…
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More than 30 discoveries offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027. Goal expected to see oil production exceeding 1.2 million barrels per day (bpd). All projects are to be located in the Stabroek Block, in which ExxonMobil holds a…
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200 million barrels ? eyesonsuriname Amsterdam, 9 feb 2023– APA Corporation on Wednesday announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well. This is the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles) south of the Sapakara South-1 (SPS-1) appraisal…
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eyesonsuriname Amsterdam, 29 January 2023–ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1. And according to Rystad Energy, more discoveries will come over the next several years, with a new bulk to be exploited in 2023. In an exclusive interview…
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13 Billion $$ Involved eyesonsuriname Amsterdam, 28 Januari 2023– ExxonMobil’s fifth project in Guyana, Uaru, is shaping up to be a giant undertaking both in terms of its field development and total cost. The estimated cost comes in at a massive US$12.7 billion – reflecting current market conditions with room for additional scope, according to…
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The Beauty of the Scandinavian Model eyesonsuriname / rystad energy Amsterdam, January 28th 2023 — Hopefully we can all agree that the end of the hydrocarbon age, when it inevitably arrives, will not be brought about by the world running out of coal, oil and gas. The move from higher to lower emitting energy sources will…
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Norway and Suriname eyesonsuriname Amsterdam, January 21st 2023–In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the petroleum potential of the North Sea. The Groningen…
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