• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 15 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 56 mins Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 16 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 22 hours Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 1 hour US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 19 hours "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 12 hours Storage of gas cylinders
  • 3 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Renewables And Roller Coasters: How To Recycle An Oil Well

Renewables And Roller Coasters: How To Recycle An Oil Well

Decommissioning and dismounting unused offshore…

Building The World’s Largest Wind Turbine

Building The World’s Largest Wind Turbine

The wind energy revolution is…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Exxon Makes First Promising Offshore Discovery Off Suriname

ExxonMobil and its partner Petronas have discovered oil and gas offshore Suriname, which adds to Exxon’s numerous discoveries offshore Guyana in the same Guyana-Suriname basin, the U.S. supermajor said on Friday.

The hydrocarbons were discovered in the Sloanea-1 exploration well on Block 52, which is operated by Malaysia’s Petronas with a 50-percent stake. Exxon holds the remaining 50-percent interest in the block.

The discovery is currently being evaluated to see how much resources it could yield, Exxon and Petronas said.

“Our first discovery in Suriname extends ExxonMobil’s leading position in South America, building on our successful investments in Guyana,” Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil, said in a statement.

The basin offshore Guyana is one of Exxon’s near-term investment priorities, the supermajor said in November when it announced its capital budget for the next five years.

Offshore Guyana, Exxon announced in early September its 18th oil discovery, which adds to its previous estimate of more than 8 billion barrels of discovered recoverable resources in the area.  

At the end of September, Exxon said it had made the final investment decision on the Payara offshore field in Guyana, expecting Payara to yield up to 220,000 bpd of crude when commercial production begins in 2024.

Payara is the third offshore development project of the supermajor in Guyana, which rose to fame thanks to a string of discoveries in the Stabroek block made by Exxon and its partner Hess Corp.

In less than five years, Exxon and its partners in the Stabroek Block made more than a dozen quality discoveries on the block, making Guyana the newest oil-producing nation last year. Guyana officially joined the ranks of oil producers at the end of December 2019, after Exxon and its partners began oil production offshore the country.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News