Home » Posts tagged 'guyana'
Tag Archives: guyana
Exxon (XOM) Finds No Oil at Bulletwood-1 Well in Offshore Guyana
Exxon (XOM) Finds No Oil at Bulletwood-1 Well in Offshore Guyana
ExxonMobil Corporation XOM and partners drilled a dry well at the Bulletwood-1 offshore well in the Canje Block, positioned 180 kilometers off the coast of Guyana.
The company mentioned that it failed to discover commercial quantities of oil at the Bulletwood-1 well, which is the first among the three wells expected to be drilled on the ultradeep Canje block.
During the drilling, the Bulletwood-1 well identified the presence of quality reservoirs and not commercial hydrocarbons. The well was dug 2,846 meters below the water surface and at a vertical height of 6,690 meters, with the help of the Stena Carron drillship.
Notably, this is the third dry hole to be drilled by ExxonMobil in four months offshore Guyana. Earlier, the Hassa-1 well on the Stabroek block and the Tanager-1 well on the Kaieteur block failed to make a commercial find in the primary target reservoirs.
At present, the Canje Block is operated by Esso Exploration & Production Guyana Ltd, a subsidiary of ExxonMobil, with a 35% ownership interest. The remaining partners include TOTAL SE TOT, holding a 35% interest in the block, while JHI and Mid-Atlantic Oil & Gas Inc. own 17.5% and 12.5%, respectively.
ExxonMobil commenced the exploratory drilling in early 2021. Subsequent to the Bulletwood-1 well, the drilling of the independent prospects Jabillo-1 and Sapote-1 is expected to follow in the upcoming months.
Company Profile & Price Performance
Headquartered in Irving, TX, ExxonMobil is one of the leading integrated energy companies in the world.
The company’s shares have outperformed the industry in the past six months. Its stock has gained 64.5% compared with the industry’s 46.3% rally.
…click on the above link to read the rest of the article…
US Military Surrounding Venezuela With New Deployment In Guyana
US Military Surrounding Venezuela With New Deployment In Guyana
The US military has effectively surrounded Venezuela, ahead of a possible military intervention.
We’ve reported in the past that the Pentagon is jointly working with Colombia, Brazil and other regional partners on how to crush Venezuela’s economy so that President Nicolás Maduro would step down.
Now there’s a new report that the US military has been deployed to the impoverished South American nation of Guyana, the first time in a decade. The country is located on South America’s North Atlantic coast and borders Venezuela to the West.
The four-month-long deployment, led by the US Air Force, is called New Horizons humanitarian outreach – is intended to serve as “a stepping-stone toward a prolonged relationship” with the Guyana military forces, reported Military.com.
Strengthening Partnerships: @USAirForce #Airmen & @ForceGuyana members build a community center during #NewHorizons19 in #Guyana. The 3-month exercise trains U.S. military civil engineers & medical personnel as they provide care & services to local communities. #EnduringPromise8911:34 AM – Jun 13, 2019
The Air Force hopes relationships with the country can firmly develop amid the increasing influence of Russia and China in the region.
“Guyana is going to become a larger player in this region, both economically and politically in the future, so it’s important that we are closely tied with them,” said 12th Air Force Commander Maj. Gen. Andrew Croft in an interview.
“What we leave is an enduring, physical presence in addition to the partnerships that we build,” Croft boasted, citing medical facilities and schools built in 1997 that are still being used today.
The latest deployment is about 600 US military service members. Their purpose, as per Military.com, will be to construct community centers and a women’s shelter.
