Hess Guyana Exploration Ltd News

Stena Carron (Photo: Stena Drilling)

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

of 220,000 barrels per day.A third phase is planned to closely follow Liza Phase 2 and is expected to bring gross production to more than 500,000 barrels of oil per day by late 2023.The Stabroek Block operator, Esso Exploration and Production Guyana Limited, holds 45 percent interest, while Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest

(Photo: ExxonMobil)

Exxon Starts Drilling at Offshore Guyana Projects

,000 barrels per day is being planned as part of the Liza Phase 2 development, and a third is under consideration for the Payara development, the company said.ExxonMobil subsidiary Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.Exxon said in March that projects in Guyana and the Permian Basin region of Texas and New Mexico, as well as refining and chemical plant expansions, should drive earnings gains

(Photo: ExxonMobil)

ExxonMobil Announces Oil Discovery Offshore Guyana

planned on the Stabroek Block for 2018, including potential appraisal drilling at the Ranger discovery.   The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest

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