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Stabroek Oil and Gas Block is an operating oil and gas block in Guyana.
Project Details
Main Data
Table 1: Block-level project details for Stabroek Oil and Gas Block
| Unit name | Status | Operator | Owner | Discovery year | FID* year | Production start year |
|---|---|---|---|---|---|---|
| Stabroek | Operating[1] | ExxonMobil[1] | ExxonMobil (45.0%); Hess Guyana Exploration Ltd (30.0%); CNOOC Nexen Petroleum Guyana Ltd (25.0%)[1] | – | – | – |
Production and Reserves
Table 2: Reserves of Stabroek Oil and Gas Block
| Fuel Description | Reserve Classification | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| hydrocarbons | gross recoverable resources | 9000 | million boe | 2021 | [2] |
| hydrocarbons | gross recoverable resources | 11000 | million boe | 2022 | [3] |
Location
Table 3: block-level location details for Stabroek Oil and Gas Block
| Concession/Block | Location | Coordinates (WGS 84) |
|---|---|---|
| Stabroek Block[4] | Offshore, Guyana[5] | 7.9904, -57.0997 (approximate)[5] |
The map below shows the approximate location of the block:
Background
The Stabroek Block is a 6.6 million acre offshore oil reservoir off Guyana's Atlantic coast.[6][7] In May 2015, ExxonMobil announced that it had made its first significant oil discovery within the block at the Liza 1 well.[8] In July 2018, ExxonMobil raised its estimate of discovered recoverable resources in the Stabroek Block to 4 billion barrels of oil.[6] Projected recoverable reserves had grown to 9 million boe by October 2020, and ExxonMobil further increased its estimates to 10 million boe in October 2021.[9]
The Guyanese government has promoted a gas-to-power project that would transport natural gas from the Stabroek Block via the 225-kilometer Liza Gas Pipeline to the proposed 250 MW Wales power station.[10][11] Opponents argue that developing Guyana's solar electrical potential would be five times cheaper than the gas-to-power project, while avoiding the environmental risks of large-scale natural gas development.[12]
Articles and Resources
Additional data
To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 https://web.archive.org/web/20230519133526/https://corporate.exxonmobil.com/locations/guyana. Archived from the original on 19 May 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20210830142941/https://www.ogj.com/exploration-development/discoveries/article/14202215/exxonmobil-makes-oil-discovery-offshore-guyana. Archived from the original on 30 August 2021.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230216142708/https://corporate.exxonmobil.com/locations/guyana/guyana-project-overview. Archived from the original on 16 February 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230216142708/https://corporate.exxonmobil.com/locations/guyana/guyana-project-overview. Archived from the original on 16 February 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 https://web.archive.org/web/20230216142708/https://corporate.exxonmobil.com/locations/guyana/guyana-project-overview. Archived from the original on 16 February 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 6.0 6.1 "ExxonMobil increases estimate for Guyana's Stabroek Block to 4 Bbbl," World Oil, 23 July 2018
- ↑ "Guyana: Project overview," ExxonMobil, accessed August 2018
- ↑ "History of oil exploration in Guyana". Guyana Chronicle. December 21, 2019. Retrieved 2022-06-06.
{{cite web}}: CS1 maint: url-status (link) - ↑ Palmigiani, Fabio (2021-10-07). "Make it 10 billion boe: ExxonMobil ups resource estimate at Guyana block | Upstream Online". Upstream Online.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Jagdeo justifies Wales location for gas-to-energy project, associated industries". Demerara Waves Online News. February 10, 2021.
- ↑ David Blackmon. "ExxonMobil Natural Gas Will Help Guyana Meet Its Climate Goals". Forbes. Retrieved 2021-05-04.
- ↑ "Reinject gas and save Guyana". Kaieteur News. May 30, 2022.
{{cite web}}: CS1 maint: url-status (link)
