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WiredJa Online News

GUYANA | ExxonMobil makes 10th oil discovery offshore Guyana

Georgetown, Guyana – December 3, 2018 - There is yet another oil find off the coast of Guyana. Director, in the Department of Energy, Dr. Mark Bynoe this morning announced that ExxonMobil has made its 10th discovery offshore Guyana at the Pluma-1 well. This latest discovery has increased the estimated recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.
  • Published in Energy

GUYANA | Exxon’s second exploration vessel scheduled to arrive in Guyana in October

Georgetown, Guyana – September 12, 2018 -  ExxonMobil is bringing to Guyana, a second exploration vessel, the Noble Tom Madden, which is due to arrive in October. This vessel will focus primarily on exploration of high potential areas and will commence drilling at the ‘Pluma’ prospect approximately 17 miles or 27 kilometres from Turbot well.
  • Published in Energy

British Professor cautions Guyana about its Oil contract with ExxonMobil

GEORGETOWN,  Guyana, (Demerara Waves) March 22, 2018 - A British Professor of Economics and Public Policy, Sir Paul Collier  on Wednesday warned that if Guyana scraps  the ExxonMobil contract that would have disastrous consequences for the country’s investment climate, but he instead recommended strongly that the country beef up its capacity to avoid tax evasion by oil companies.
  • Published in Energy
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