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…says Guyana will lose big, project will face ‘months’ of delay. The Ranger discovery was announced in January 2018. The company, which plans to bring the first phase of the Liza field online in March 2020, is already thinking about the phase two. Offshore staff. Exxon, which operates the Stabroek block as part of a consortium with Hess Corp and China’s CNOOC Ltd, has discovered more than 8 billion barrels of recoverable resource of Guyana’s coast. The Pacora- 1 well was drilled in a new reservoir, encountering approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. Pluma is ExxonMobil’s 10th oil discovery in the Stabroek Block. The Pluma- 1 well was drilled in a new reservoir, encountering approximately 121 feet (37 meters) of high-quality hydrocarbon-bearing sandstone reservoir. Seeking Alpha publishes more than 10,000 investing ideas every month written by investors […] Guyana's government could generate around $4.4 billion in oil production revenues by 2028 from Payara, one of 16 ExxonMobil discoveries on the country's deepwater Stabroek block, if the original startup date of 2023 for that project were kept intact, Rystad said. • The respective … The Haimara discovery was announced in February 2019. The well was safely drilled to 18,445 feet (5,622 meters) in 5,912 feet (1,802 meters) of water. The Snoek- 1 well was drilled in a new reservoir, encountering 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs. Ocean Infinity has completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana.. Liza Phase 2 will produce up to 220,000 barrels of oil per day at peak rates, using the Liza … The Tilapia discovery was announced in February 2019. Hammerhead is ExxonMobil’s ninth oil discovery in the Stabroek Block. Since discussions on the project resumed just over a week ago with Guyanese authorities, the prospect of bringing gas to shore has been receiving much attention from the population which has been plagued by regular … The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,773 feet (1,150 meters) of water. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. Guyana ExxonMobil has secured approval for its Payara project in the Stabroek Block offshore Guyana and an agreement, which would also cater for stiff fines for … All Rights Reserved. The Hammerhead discovery was announced in Aug 2018. The Tripletail- 1 well was drilled in a new reservoir, encountering approximately 108 feet (33 meters) of a high-quality oil bearing sandstone reservoir and was drilled in 6,572 feet (2,003 meters) of water. We’re committed to fostering an environment of diversity and inclusion. It could also serve as a benchmark for the entire offshore industry, due to the strong co-operation between operator ExxonMobil, … Haimara is ExxonMobil’s 12th oil discovery in the Stabroek Block. The Turbot- 1 well was drilled in a new reservoir, encountering 75 feet (23 meters) of high-quality, oil-bearing sandstone reservoir. It was safely drilled to 18,080 feet (5,512 meters) in 6,660 feet (2,030 meters) of water. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water. This discovery demonstrated our ultra deepwater and carbonate exploration capabilities and it proved a new play concept for the Stabroek Block. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. The well was safely drilled to 21,161 feet (6,450 meters) depth in 8,973 feet (2,735 meters) of water. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Yellowtail is ExxonMobil’s 13th oil discovery in the Stabroek Block. Uaru is ExxonMobil’s 16th oil discovery in the Stabroek Block. The Mako discovery was announced in December 2019. The Ranger- 1 well was drilled in a new reservoir, encountering approximately 230 feet (70 meters) of high-quality, oil-bearing carbonate reservoir. The Payara discovery was announced in January 2017. All Rights Reserved. EXXONMOBIL has noted that if the Payara Development Project is not approved soon to allow for a Final Investment Decision (FID) at least by September 2020, weather conditions may delay the project further by months. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. EXXONMOBIL, following an agreement with the Government of Guyana, has decided to proceed with the Payara field development offshore Guyana. Exxon’s first offshore Guyana project, Liza Phase 1, began producing in late 2019 following delivery of the Liza Destiny FPSO now moored 120 miles offshore (OGJ Online, Aug. 29, 2019). The Tilapia- 1 well was drilled in a new reservoir, encountering approximately 305 feet (93 meters) of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786 feet (5,726 meters) in 5,850 feet (1,783 meters) of water. ExxonMobil is now firmly established in Guyana and operates offices in Georgetown, with … Snoek is ExxonMobil’s third oil discovery in the Stabroek Block. ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, via the Liza Destiny FPSO. This discovery demonstrated our ultra deepwater and carbonate exploration capabilities and it proved a new play concept for the Stabroek Block. The Turbot discovery was announced in October 2017. The well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940 meters) of water. ExxonMobil’s commitment to operating in an environmentally responsible manner is highlighted through our Corporate Environment Policy - Protect Tomorrow. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. © Copyright 2003-2020 Exxon Mobil Corporation. • Payara is ExxonMobil’s second oil discovery in the Stabroek Block. The Payara- 1 well was drilled in a new reservoir, encountering more than 95 feet (29 meters) of high-quality, oil-bearing sandstone reservoirs. The Pluma discovery was announced in December 2018. The Mako- 1 well was drilled in a new reservoir, encountering approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir and was drilled in 5,315 feet (1,620 meters) of water. Tilapia is ExxonMobil’s 11th oil discovery in the Stabroek Block. We believe that maintaining a fundamental respect for human rights, responsibly managing our impacts on communities and making valued social investments are integral to the success and sustainability of our business. Today. Payara is the second oil discovery in the Stabroek Block located approximately 193 km (120 miles) offshore Guyana with water depths of 1,500 m (4,900 ft) to 1,900 m (6,200 ft). ExxonMobil Closing in on Payara Project Deal With Guyana - September 28, 2020 - Zacks.com The Turbot discovery was announced in October 2017. During September 2020, Exxon made its 18th oil discovery in the Stabroek Block and upgraded The Tripletail discovery was announced in September 2019. Guyana The development is similar to that of Liza phase 1 and 2, Payara will have up to 45 wells, including production wells, water injection wells and gas injection wells. “This resilient group, which includes a growing number of Guyanese professionals, continues to persevere through the COVID-19 pandemic and initial start-up challenges to deliver a world-class project.” The company said more than 6,000 personnel have been transferred offshore without a safety incident or case of COVID-19 on the … ExxonMobil’s commitment to operating in an environmentally responsible manner is highlighted through our Corporate Environment Policy - Protect Tomorrow. The Payara development plan includes a floating production, storage and offloading (FPSO) vessel, named Prosperity; it is expected to produce 220,000 barrels per day. ExxonMobil Closing in on Payara Project Deal With Guyana - September 28, 2020 - Zacks.com The Pacora- 1 well was drilled in a new reservoir, encountering approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The finds have collectively made Guyana’s 6.6 … Tilapia is ExxonMobil’s 11th oil discovery in the Stabroek Block. ExxonMobil Closing in on Payara Project Deal With Guyana. Guyana is close to reaching a deal with Exxon Mobil Corp to approve the company's Payara project, after the company committed to stricter environmental restrictions on gas flaring and wastewater, a top government official said on Friday. It was safely drilled to 18,080 feet (5,512 meters) in 6,660 feet (2,030 meters) of water. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. The well was drilled to a depth of 18,289 feet (5,575 meters) in 4,590 feet (1,399 meters) of water. Save to read list Published by Nicholas Woodroof, Assistant Editor Oilfield Technology, Friday, 07 August 2020 10:00. The project involved acquiring high-resolution geophysical and geotechnical … ExxonMobil Guyana president Alistair Routledge. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells. Our intent is to reach out to a diverse pool of highly qualified employment candidates who are dedicated to integrity, high-quality work and good corporate citizenship. 2020: TechnipFMC, a global leader in the energy industry, has been awarded a large contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL), for the subsea system of the recently sanctioned 220,000 bpd Payara oilfield development project offshore Guyana. ExxonMobil . The Pacora discovery was announced in February 2018. The Yellowtail-2 well encountered 69 feet (21 meters) of net pay in a newly identified, high quality oil bearing reservoirs among the original Yellowtail-1 discovery intervals. Haimara is ExxonMobil’s 12th oil discovery in the Stabroek Block. The finds have collectively made Guyana… Uaru is ExxonMobil’s 16th oil discovery in the Stabroek Block. ExxonMobil (XOM) intends to produce 220,000 bpd from the Payara development, located offshore Guyana. EXXONMOBIL has noted that if the Payara Development Project is not approved soon to allow for a Final Investment Decision (FID) at least by September 2020, weather conditions may delay the project … We operate facilities or market products all over the world and explore for oil and natural gas on six continents. The Exxon-led consortium in January produced some 56,320 bpd of crude at Phase 1 of its Liza project. Payara's startup had been slated for "as early … The Pluma discovery was announced in December 2018. Our Recruitment Team is looking forward to meeting you! Community and social responsibility in Guyana, Centre for local business development in Georgetown, University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights. IRVING, Texas – ExxonMobil and its partners have agreed to develop the deepwater Payara oil field offshore Guyana.. Preliminary Field Layout for the Payara Development Project ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country. Article Liza Phase 2 remains on track to begin producing oil by early 2022. Liza Phase 2 startup is expected in mid-2022. The Redtail-1 well encountered approximately 232 feet (70 meters) of high-quality oil bearing sandstone and was drilled in 6,164 feet (1,878 meters) of water. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. Careers at ExxonMobil Guyana Today. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Guyana The Longtail discovery was announced in June 2018. The development is similar to that of Liza phase 1 and 2, Payara will have up to 45 wells, including production wells, water injection wells and gas injection wells. Exxon made its first Guyana oil discovery in the offshore Stabroek Block during May 2015. Yellowtail is ExxonMobil’s 13th oil discovery in the Stabroek Block. • We’re committed to fostering an environment of diversity and inclusion. The news marks ExxonMobil’s 16 th deep water Guyanese discovery since it first struck oil there in May 2015. The project includes a floating production, storage and offloading (FPSO) vessel, Liza Destiny; designed to produce up to 120,000 barrels of oil per day, with storage capacity of up to 1.6 million barrels. Ocean Infinity previously announced this contract award in March this year. This is ExxonMobil’s 17th oil discovery in the Stabroek Block. The Yellowtail- 1 well was drilled in a new reservoir, encountering approximately 292 feet (89 meters) of high-quality oil bearing sandstone reservoir and was drilled to a depth of 18,445 feet (5,622 meters) in 6,046 feet (1,843 meters) of water. The well was safely drilled to 16,978 feet (5,175 meters) in 5,128 feet (1,563 meters) of water. Guyana’s first offshore oilfield project, Liza Phase 1, is on track to start production early next year. The Tilapia discovery was announced in February 2019. The news marks ExxonMobil’s 16 th deep water Guyanese discovery since it first struck oil there in May 2015. IRVING, Texas – ExxonMobil and its partners have agreed to develop the deepwater Payara oil field offshore Guyana.. Liza Phase 2 remains on track to begin producing oil by early 2022. Also, in January this year, the oil major made its 16th discovery on the Stabroek Block offshore Guyana.. Ranger is ExxonMobil’s sixth oil discovery in the Stabroek Block. The Redtail-1 well encountered approximately 232 feet (70 meters) of high-quality oil bearing sandstone and was drilled in 6,164 feet (1,878 meters) of water. The Liza discovery was announced in May 2015. The Redtail discovery was announced in September 2020. Mako is ExxonMobil’s 15th oil discovery in the Stabroek Block. The development is similar to that of Liza phase 1 but with a total of six drill centers with approximately 30 wells, including 15 oil producing wells, nine water injection wells and six gas injection wells. Guyana project overview ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Advertisement. Phase 2 of the same venture, at the prolific Stabroek block, is the next project … Turbot is ExxonMobil’s fifth oil discovery in the Stabroek Block. The Liza Deep discovery was announced in January 2017. US oil major ExxonMobil announced on Friday it will be proceeding with its US$6 billion Liza Phase 2 Development project offshore the South American country of Guyana. The Pacora discovery was announced in February 2018. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,773 feet (1,150 meters) of water. Redtail is ExxonMobil’s 18th oil discovery in the Stabroek Block. The Hammerhead- 1 well was drilled in a new reservoir, encountering approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. By December 2019, the integrated energy major had commenced production at the Liza oilfield with the capacity to pump 120,000 barrels daily. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. Mako is ExxonMobil’s 15th oil discovery in the Stabroek Block. Guyana’s first offshore oilfield project, Liza Phase 1, is on track to start production early next year. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. The Uaru discovery was announced in January 2020. Zacks Equity Research Zacks Published. Using a multi-tiered approach, we focus on building workforce and supplier capabilities in conjunction with strategic investments in the local community. Recently, the oil giant, following an agreement with the … Pacora is ExxonMobil’s seventh oil discovery in the Stabroek Block. This will be the third project in the Stabroek block, with a projected cost of $9 billion, targeting around 600 MMboe of resources.. Production should begin in 2024 through the 220,000-b/d capacity FPSO Prosperity. In support of this project, TechnipFMC will continue hiring and training Guyanese engineers. The Liza discovery was announced in May 2015. ExxonMobil Guyana has made 18 discoveries since May 2015 and begun production in December 2019 from the Liza Phase 1 development. This will be the third project in the Stabroek block, with a projected cost of $9 billion, targeting around 600 MMboe of resources.. Production should begin in 2024 through the 220,000-b/d capacity FPSO Prosperity. The gross recoverable resource for the Stabroek Block is now estimated to be more than eight billion oil equivalent barrels, including Liza and other successful exploration wells on Payara, Liza deep, Snoek, Turbot, Ranger, Pacora, Longtail, Hammerhead, Pluma, Tilapia, Haimara, Yellowtail, Tripletail and Mako. Exxon made its first Guyana oil discovery in the offshore Stabroek Block during May 2015. The development is similar to that of Liza phase 1 but with a total of six drill centers with approximately 30 wells, including 15 oil producing wells, nine water injection wells and six gas injection wells. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing late last year. ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. Liza Phase 2, on track to begin producing by early … ExxonMobil is plugging US$9 billion into the Payara project which […] ExxonMobil remains engaged with the Government of Guyana regarding a proposed project that could see gas from the offshore Liza field being piped to shore. 1,920 talking about this. The Turbot- 1 well was drilled in a new reservoir, encountering 75 feet (23 meters) of high-quality, oil-bearing sandstone reservoir. The Snoek discovery was announced in March 2017. Longtail is ExxonMobil’s eighth oil discovery in the Stabroek Block. Payara is the second oil discovery in the Stabroek Block located approximately 193 km (120 miles) offshore Guyana with water depths of 1,500 m (4,900 ft) to 1,900 m (6,200 ft). The Yellowtail-2 well encountered 69 feet (21 meters) of net pay in a newly identified, high quality oil bearing reservoirs among the original Yellowtail-1 discovery intervals. The Liza Deep discovery was announced in January 2017. The gross recoverable resource for the Stabroek Block is now estimated to be more than eight billion oil equivalent barrels, including Liza and other successful exploration wells on Payara, Liza deep, Snoek, Turbot, Ranger, Pacora, Longtail, Hammerhead, Pluma, Tilapia, Haimara, Yellowtail, Tripletail and Mako. This is ExxonMobil’s 17th oil discovery in the Stabroek Block. US oil major ExxonMobil announced on Friday it will be proceeding with its US$6 billion Liza Phase 2 Development project offshore the South American country of Guyana. The Haimara discovery was announced in February 2019. Apart from the Payara, ExxonMobil said it was evaluating … Energy and environment . The development involves a second floating, production, storage and offloading vessel (FPSO), Liza Unity; designed to produce up to 220,000 barrels of oil per day. ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. The Uaru-1 well was drilled in a new reservoir, encountering approximately 94 feet (29 meters) of high-quality oil-bearing sandstone reservoir and was drilled in 6,342 feet (1,933 meters) of water. The Payara development plan includes a floating production, storage and offloading (FPSO) vessel, named Prosperity; it is expected to produce 220,000 barrels per day. Pluma-1 reached a depth of 16,447 feet (5,013 meters) in 3,340 feet (1,018 meters) of water. Exxon Could Delay Third Guyana Project April 7, 2020 (Image: ExxonMobil) Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be delayed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash.

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