Related Articles
Guyana is Latin America’s leading exploration hotspot
Forward article link
Share PDF with colleagues

Offshore exploration heats up in Guyana

Production from the Liza project is ramping up, but operators still have plenty of exploration options ahead

Momentum in emerging oil producer Guyana—Latin America’s leading exploration hotspot over the past five years—shows no sign of slowing this year. ExxonMobil has announced several new finds and other IOCs boast a flurry of drill targets. The Stabroek block has been central to Guyana’s upstream success. In early June, drilling at the Longtail-3 prospect lifted the block’s tally of major hydrocarbons discoveries to 20. The latest well encountered a high-quality reservoir beneath the Longtail-1 find, a strong indicator of significant volumes at lower depths than previously drilled. And ExxonMobil has further drill targets in the basin this year. The US major is drilling the Jabillo-1 prospect



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Malaysia awards another offshore block to Shell
29 July 2021
The major has been awarded another block by NOC Petronas, but government involvement remains vital
Shell greenlights Whale venture
29 July 2021
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
Governments in race to unlock potential of CCS
29 July 2021
Policymakers must ensure key technology for reaching net-zero sustains momentum over the next decade
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video