Guyana News

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Hunting Acquires RTI Energy Systems

the company.Hunting noted that RTIES is currently loss making, but said its management is optimistic of securing market opportunities to deliver returns going forward.Jim Johnson, Hunting Chief Executive said, “Given the new offshore deepwater projects being commissioned within the US, Brazil and Guyana, RTIES, which will sit alongside and complement our subsea operations, will provide Hunting with an enlarged product offering into the recovering deepwater offshore market.“The transaction also delivers on our stated strategic goal of targeting investments in differentiated technologies to

(Image: TDI-Brooks)

Environmental Studies Wrap Up for Exxon Off Guyana

Offshore scientific services company TDI-Brooks International said on Tuesday it has completed two Environmental Baseline Studies (EBS) for ExxonMobil offshore Guyana.The US supermajor is operator of several blocks offshore Guyana, including Canje, Kaieteur and Stabroek, which is classified as one of the most prolific offshore oil potentials in South America and is still growing in reservesIn April ExxonMobil announced its 13th discovery in the Stabroek block called the Yellowtail-1 well. The 26,800-square-kilometer field is estimated to hold more than 5.5 billion Boep/d, and is located about 120

Skandi Neptune. Image: DOF Group

DOF Bags Multiple Offshore Vessel Deals

Norwegian offshore vessel provider DOF has won several contracts from undisclosed clients for work in Guyana, Saudi Arabia, and the Mediterranean.The Skandi Neptune has already commenced operation in Guyana for survey work and planning a second campaign within 2019 for Field Development Construction Support activities.In addition, the DOF group is secured award for two PSVs, the Skandi Foula and Skandi Buchan, and both vessels will join the Skandi Neptune in the second quarter of 2019 carrying pipe and subsea hardware to the main installation vessels. The forecast assets utilization is estimated close

(Photo: Total)

Total Invites Activists to Drilling Site Off French Guyana

Total invited environmental activists on Tuesday to visit a planned offshore drilling site in French Guyana and said the project would not endanger coral reefs in the region.The firm said it was ready to start exploration around 150 km (93 miles) off French Guyana's coast after the arrival on site of a drilling ship. The vessel has been given clearance by French authorities to move into the area."Conscious of the questions that this campaign could raise, Total wishes to highlight that it is a responsible company that conducts operations while constantly seeking to minimize the environmental

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Benthic Completes Esso Survey off Guyana

Geosciences company Benthic completed field work for Esso Exploration and Production Guyana Ltd. for an offshore geotechnical investigation and environmental baseline survey in the Stabroeck and Canje blocks offshore Guyana.Benthic said it executed the combined geotechnical and environmental scope of work from the vessel Chouest Sable in Q3 2018.Benthic’s Portable Remotely Operated Drill (PROD 3) and geotechnical equipment collected borehole samples, box and piston cores, grab samples and conducted in-situ PCPT testing at subsea infrastructure locations in water depths up to 3,100 meters.Environme

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Transocean to Buy Ocean Rig in $2.7 Bln Deal

.Majors, including Norway's Equinor, Chevron Corp and BP, won bids for offshore blocks in Brazil, which hold billions of barrels of oil.Elsewhere, Exxon Mobil Corp said last month it had begun offshore exploration drilling off Australia's southeast coast, while also pursuing finds at its offshore Guyana discovery."The announcement is not a surprise. Industry consolidation is necessary to get these premium assets back to work over the next two to three years," Leslie Cook, an analyst with Wood Mackenzie, said in a note.She added that, "as rates begin to float back up, the need to keep

Photo: Saipem S.p.A.

Saipem Wins $700 Mln Worth of Offshore Contracts

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated

Exxon Expects More Oil from Guyana's Offshore Block

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.Exxon and U.S.-based partner Hess Corp said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.The previous estimate was 3.2 billion barrels of oil equivalent, Exxon, the world's largest publicly traded oil producer, said.Besides Exxon and Hess, China's CNOOC is also part of the consortium that

Stena Carron (Photo: Stena Drilling)

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality, oil-bearing sandstone reservoir was encountered. The well was drilled to 5,504 meters depth in 1,940 meters of water by the Stena Carron drillship on May 25, 2018. The Longtail-1 well is located approximately 5 miles west of the Turbot-1 well and follows previous discoveries on the Stabroek Block at Liza, Payara, Liza Deep

(Photo: ExxonMobil)

Exxon Starts Drilling at Offshore Guyana Projects

Exxon Mobil Corp said it has commenced development drilling in the first of three offshore Guyana projects, which could produce more than 500,000 barrels of oil per day. Development drilling began in May for the first of 17 wells planned for Liza Phase 1, the company said.So far, Exxon Mobil and its co-venturers have discovered more than 3.2 billion oil-equivalent barrels estimated recoverable resources on the 6.6 million acre Stabroek Block.Liam Mallon, president of ExxonMobil Development Company, said, “We are well on our way to producing oil less than five years after our first discovery

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