Stabroek Block reaches one billion barrels produced
ExxonMobil says cumulative oil production from Guyana’s Stabroek Block has reached one billion barrels less than seven years after first oil.
Tag: Stabroek Block
Guyana reviews Longtail plan for first gas-focused Stabroek development
Longtail could become Guyana’s first gas-focused Stabroek development, but its field plan and production licence are still under review.
TechnipFMC completes 960-ton manifold loadout for Guyana’s Whiptail project
TechnipFMC has completed a single-operation loadout of six subsea manifolds weighing a combined 960 tons for Guyana’s Whiptail development. Installation of these units remains unconfirmed.
Guyana’s 50% profit-oil share and the 39.8% production figure explained
Guyana receives 50% of Stabroek profit oil. Here is why that currently equals about 39.8% of total production, plus a separate 2% royalty.