Release date- 29082019 - Hess Corporation (NYSE: HES) today announced that the Liza Destiny, Guyana's first oil production vessel, has arrived at the
Stabroek Block.
Westmount said it continues to seek exposure to opportunities in the prolific Guyana-Suriname basin, a major emerging hydrocarbon province where, since 2015, oil & gas firm ExxonMobil Corp and its
Stabroek block partners - ExxonMobil affiliate Esso Exploration & Production Guyana, Hess Guyana Exploration, and CNOOC Nexen Petroleum Guyana - have reported discovered recoverable resources in excess of 6 billion oil-equivalent barrels.
'This is not only about
Stabroek [Block], it is far bigger than that It brings in a whole new set of companies, a whole new set of countries and a whole new set of operators,' he said, noting that Guyana stands to benefit when there's more competition in the sector.
Stabroek News in Barbados reported that police are on the hunt for a man who "barged into a house, choked a woman, doused her with a flammable substance and then set the house on fire".
* ExxonMobil increased its estimated gross recoverable resource for the
Stabroek block in Guyana from 5.5 billion to over 6 billion oil-equivalent barrels.
According to the company, the Jethro-1 well confirms the continuance of the petroleum system onto the Orinduik Block, up dip from the prolific discoveries on the neighbouring Exxon operated
Stabroek Block.
Orinduik borders the prolific
Stabroek block where Exxon has found some 5.5bn barrels of oil across thirteen new discoveries.
* A significant oil discovery was made in Guyana on the 6.6-million acre
Stabroek Block that is located 120 miles offshore.
In Guyana, two new discoveries, namely Tilapia and Haimara, were made in the
Stabroek block, which represent the eleventh and twelfth oil discoveries achieved in the block.
Hess Corporation (HES) announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the
Stabroek Block, offshore Guyana.
Hess Corporation has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the
Stabroek Block, offshore Guyana.