Apr 12, 2024 · The $12.7 billion Whiptail project will include up to 10 drill centers with 48 production and injection wells. “We are committed to helping spread the benefits throughout the country by investing in local Guyanese communities and projects to support the country’s phased and sustainable development,” Mallon said.

Jan 30, 2023 · Exxon had announced nine commercial discoveries in 2022, dubbed by Hess as the Stabroek Block’s best exploration year. The wells being drilled are part of a 25-well exploration campaign to be executed over a two-year period.

Dec 18, 2024 · Exxon Mobil (XOM.N), opens new tab wants to preserve its right of first refusal in Hess Corp’s sale of its Guyana oil production assets because of the work it has put into developing the country’s offshore fields, two of its top executives said on Wednesday.

Aug 20, 2024 · An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, four people familiar with the matter...

Jul 20, 2022 · Therefore, ExxonMobil plans to drill more than 60 exploration wells offshore Guyana in six years – more wells than it has drilled in the past. The company is planning a 35-well exploration campaign for the Stabroek Block.

Mar 4, 2024 · Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.

May 6, 2024 · Exxon is claiming a right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the country's oil resources. Chevron has rejected Exxon's...

Apr 27, 2022 · A day after announcing three new discoveries on the ExxonMobil-led Stabroek Block offshore Guyana, 30% partner Hess said April 27 two exploratory wells are planned to be drilled on the block in the next few months.

Jul 27, 2022 · Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for a Gas to Energy project.

Jan 5, 2022 · NEW YORK--(BUSINESS WIRE)--Jan. 5, 2022-- Hess Corporation (NYSE: HES) today announced two significant discoveries at the Fangtooth-1 and Lau Lau-1 wells on the Stabroek Block offshore Guyana. These discoveries will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 10 billion barrels of ...