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ExxonMobil Announces New Oil Discoveries Offshore Guyana
ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery.

date.png15 Jan 2017 13:20 | comments.png 0 Comments | tags.png exxon guyana upstream [ More ]

ExxonMobil Announces Significant Oil Discovery Offshore Guyana
Exxon Mobil Corporation (NYSE:XOM) today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana.

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Tullow Oil Operational Update
Tullow Oil plc (Tullow) announces today that in Ghana, West Africa, Jubilee Phase 1A production has commenced and the Okure-1 exploration well has encountered low net to gross oil bearing reservoir in a secondary objective. In Guyana, South America, Tullow has let its interest in the Georgetown Licence expire.

Ghana update

The Okure-1 exploration well, drilled in the Deepwater Tano licence offshore Ghana, has reached its planned total depth of 4,511 metres. The well has encountered non-reservoir quality formations at the main objective levels below the TEN cluster and discovered a gross 17 metre interval of low net to gross oil bearing Turonian age sandstones within an overlying secondary objective. Light oil with a 40 degree API was recovered from this interval. Integration of wireline logs and pressure data indicates that this oil accumulation is not connected to other hydrocarbon discoveries in the licence area. The next exploration activity to be carried out by the rig will be the drilling of Sapele-1, adjacent to the Jubilee field, also in the Deepwater Tano Licence and is expected to be spudded by the end of the year.

The first Jubilee Phase 1A production well has been brought on stream and is now producing in excess of 16,500 bopd resulting in field production of over 90,000 bopd. This is the first of five Phase 1A producers which are planned to be completed before mid 2013. In addition, the rig is now carrying out acid stimulation work on two Jubilee Phase 1 wells to further enhance production before completing the second Phase 1A production around year-end 2012.

Tullow operates the Deepwater Tano licence and the Jubilee Field and is partnered by Kosmos Energy, Anadarko Petroleum, PetroSA and the Ghana National Petroleum Corporation (GNPC).

Guyana update

Tullow has let its interest in the Georgetown licence expire. The licence included the previously drilled Jaguar-1 well. However, Tullow continues to evaluate oil exploration opportunities in Guyana and the wider region.

date.png11 Dec 2012 14:18 | comments.png 0 Comments | tags.png africa ghana guyana tullow upstream [ More ]

CGX Announces Drilling of Jaguar-1 Well Offshore Guyana
CGX Energy Inc. (TSX VENTURE:OYL) ("CGX" or the "Company") is pleased to announce that the Jaguar-1 well located on the Company's 25% owned Georgetown Petroleum Prospecting License ("PPL") has commenced drilling. The partners to the Georgetown PPL are Repsol Exploración S.A (15%) ("Repsol"), as operator, along with YPF Guyana Limited (30%), Tullow Oil plc (30%) and CGX Resources Inc. (25%). The Jaguar-1 well will be drilled to a depth of 6,500 metres to test the Turonian geologic zone. The well is being drilled by the Atwood Beacon jack-up drilling rig operated by Atwood Oceanics, Inc. (NYSE:ATW), a long term leader in the offshore drilling industry. Drilling is expected to take approximately 180 days.

date.png10 Feb 2012 15:10 | comments.png 0 Comments | tags.png cgx guyana repsol tullow upstream [ More ]

Canacol Announces US$ 106 Million Capital Program for 2011
Canacol Energy Ltd. is pleased to announce a US$ 106 million capital budget in 2011 for exploration and development activities in Colombia, Guyana, and Brazil. The budget includes the drilling of 39 gross wells (13 net wells), which include 6 exploration wells and 33 appraisal and development wells. The budget also includes the acquisition of 650 kilometers (“km”) of 2D exploration seismic, the building of an early production facility at the Capella discovery, the continued expansion of its operated Rancho Hermoso production facilities, and funding of the Corporations share of the OBC pipeline project in Colombia. The budget consists of US$ 52 million to fulfill exploration work program and pipeline commitments in Colombia, Guyana, and Brazil, and US$ 54 million in discretionary spending dedicated primarily to development drilling and production programs in Colombia. The Corporation anticipates to average between 10,000 to 11,000 barrels of oil per day (“bopd”) of net after royalty production in 2011, which excludes any production resulting from exploration success.

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Chevron to Sell Fuels Marketing and Aviation Businesses in Parts of the Caribbean and Central America to a Subsidiary of RUBIS
Chevron Corporation (NYSE: CVX) today announced that it has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, S.A., a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France. The transactions are expected to close in full by the third quarter 2011 following receipt of required local regulatory and government approvals.

date.png22 Nov 2010 06:43 | comments.png 0 Comments | tags.png antigua barbados belize chevron costa-rica deals dominica downstream french-guiana grenada guadeloupe guyana martinique nicaragua st-kitts st-lucia st-vincent trinidad [ More ]
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