Exxon in seventh Guyana discovery
Guyana ExxonMobil
The Pacora-1 exploration well has struck around 20 metres of oil pay, the statement added.
“This latest discovery further increases our confidence in developing this key area of the Stabroek block,” said Steve Greenlee, president of ExxonMobil Exploration Company. “Pacora will be developed in conjunction with the giant Payara field, and along with other phases, will help bring Guyana’s production to more than 500,000 barrels per day.”
The news came as Guyana is preparing to set up a new Department of Energy to streamline E&P activity, separate reports in local media added.
Recent Posts
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
In new agrivoltaics vision, Australia solar farm integrates sheep
A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More
Sapura wins underwater services contract in Malaysia
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
Qatar strikes $6-billion deal with China shipyard for LNG carriers
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More