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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eyesonsuriname Amsterdam, 25 January 2023–Trinidad & Tobago Energy Minister Stuart Young on Monday proposed a Caribbean energy alliance with neighboring countries Guyana and Suriname that could reshape the region’s energy security. Speaking at a Trinidad and Tobago energy conference that included Guyana President Irfaan Ali. Young said the alliance could bring oil and gas resources…
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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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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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Countries come and go eyesonsuriname/ roykhemradj Amsterdam, 7 January 2022– The issue in the border issue was that Suriname demanded that the Netherlands make a public statement regarding the territory to be transferred to the new Republic of Suriname in 1975. In the end, this was laid down by the Netherlands in an internal, i.e.…
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