Suriname trails behind eyesonsuriname Amsterdam, 14 maart 2023– As soon as ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the multi-well project, it was noted that several drill…
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In Guyana. Where Else? Not yet in Suriname. eyesonsuriname Amsterdam, March 1st 2023– Guyana’s Prime Minister, Mark Phillips has informed the country’s Parliament that the landmark Gas-to-Energy project will cost approximately US$1.8 billion. In providing a breakdown of the project costs, Phillips said the pipeline cost is US$1 billion, which includes the entire pipeline network…
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Profits Galore, but no words about climate change 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…
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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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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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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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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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Takes after Norwegian example and will soon live off of its interest eyesonsuriname Amsterdam, 28 Januari 2023 — Neighbouring Guyana has deposited US$1.86 billion in royalties and profit oil payments to the Natural Resource Fund (NRF) raking in GY$3.67 billion in interest in the last three years. For 2022, the nation earned a whopping GY$3.65…
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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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Puts Guyana on the map eyesonsuriname Amsterdam January 21 2023 — UK’s British Petroleum has been awarded a contract to market Guyana’s share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the…
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