Guyana considers forming state-owned oil company
The oil-rich country is also looking to restrict Exxon Mobil’s expansion by excluding it from bidding for new licences.

The oil-rich country is also looking to restrict Exxon Mobil’s expansion by excluding it from bidding for new licences.
The company can now undertake the construction and operation of production facilities within the Stabroek block.
The energy major has been gearing up to increasing production in Guyana after it discovered 10 billion barrels of recoverable…
ByThe contracts have been awarded by Woodside in Australia, and Esso Exploration and Production in Guyana.
The new discoveries will add to the previous resources of the Stabroek block.
The new pipeline will have the capacity to transport about 50MMSCFD from ExxonMobil-operated Liza Phase 1 and 2 projects.
ByThe updated Stabroek Block recoverable resource estimate is around ten billion barrels of oil equivalent.
ByThe Liza Unity FPSO has been recognised for its sustainable design, documentation, and operational procedures
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