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Tag: Guyana-Suriname Basin

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Confidence in the upcoming OilMarkets

Confidence in the upcoming OilMarkets

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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National priorities First in Guyana

National priorities First in Guyana

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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ExxonMobil

ExxonMobil stabilizes contracts worth 30 billion $

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

More than 30 discoveries offshore Guyana

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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Schreiner Parker Guyana Upstream

The Great Guyana Ride

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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Guyana fast on its way becoming a Very Rich Developed Nation

Guyana fast on its way becoming a Very Rich Developed Nation

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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AMAZING GUYANA OIL AND GAS DEVELOPMENTS

Amazing Guyana Oil and Gas Developments

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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11 billion barrels of oil

11 billion barrels of oil

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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Suriname Block 58

Block 58

Suriname oil finds eyesonsuriname Amsterdam, Jan 20 th 2023 – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels.  But that number is merely a fraction of what is believed to be held in the Suriname basin. There should be much, much more. Seismic…
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Hear Hear Hear

Hear Hear Hear

Suriname,  Guyana knocking hard on the door eyesonsuriname Amsterdam, Jan 20th 2023 — Global Analytical Group, Wood Mackenzie said it expects low-key, direct negotiations rather than a proliferation of high-profile licensing rounds as countries look to accelerate their oil and gas potential. But even with that said, WoodMac noted that several licensing rounds are creating quite…
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