ExxonMobil plans 31-well campaign off Guyana
ExxonMobil is awaiting regulatory approval for a 31-well exploration program over three blocks.
"As part of the permitting process, we have submitted applications to the Environmental Protection Agency (of Guyana) for a multi-well exploration drilling program in the Stabroek, Kaieteur and Canje blocks offshore Guyana," ExxonMobil told Argus today.
The company plans to start production imminently from the Liza field on the deepwater Stabroek block, starting with 120,000 b/d and rising to 750,000 b/d in 2025.
Drilling the wells on the three blocks will not significantly affect the environment and the project will be exempt from an environmental impact assessment, but the company must still present an environmental plan, the EPA said.
ExxonMobil recently announced a 14th discovery at Stabroek, boosting total estimated recoverable reserves to more than 6bn bl of oil equivalent (boe).
The company first discovered oil at Liza in May 2015. ExxonMobil's Stabroek partners are US independent Hess and Chinese state-owned CNOOC unit Nexen.
The company plans to drill 25 exploration wells on Stabroek, three on the Kaieteur block and another three on the Canje Block.
ExxonMobil operates 13,500 km2 Kaieteur with a 35pc stake. It minority partners are Israel's Ratio Energy and US firm Hess.
Kaieteur is adjacent to and north of Stabroek, and has water depth 2,800m-3,800m.
ExxonMobil also has a 35pc operating stake in 6,021km2 Canje that is adjacent to and east of Stabroek. Its partners are France's Total, Canadian junior JHI Associates and local firm Mid-Atlantic Oil and Gas.
Unlike Stabroek, neither Kaieteur nor Canje are in the Essequibo territory over which neighboring Venezuela has long claimed sovereignty. The Essequibo covers the western two-thirds of Guyana.
ExxonMobil currently has four drillships operating on Stabroek, and its more immediate drilling plans include the Uaru-1 well, located around 6mi east of the Liza field. It will be worked by the Noble Tom Madden rig that is completing work on Tripletail – the company's 14th find.
The company's near-term Stabroek campaign also includes the Hassa-1 and Mako-1 wells.
By Canute James
source: Argus Media
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
