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BREAKING: ExxonMobil makes 16th oil discovery

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….increases Stabroek block resource value to 8 million oil-equivalent barrels

Director, Department of Energy, Dr. Mark Bynoe, today, announced that ExxonMobil has made its 16th oil discovery offshore Guyana. The new discovery was made northeast of the producing Liza field at the Uaru well, on the Stabroek Block.

This new discovery coupled with all other discoveries brings the estimated resource for the Stabroek Block to more than eight billion oil-equivalent barrels.

“The Co-operative Republic of Guyana welcomes this new discovery, which follows closely on the heels of the start of oil production on December 20, 2019. All Guyanese should welcome this new discovery and should begin to appreciate that the nation is on the cusp of major economic transformation and sustained development. The Department of Energy remains committed to working with its partners and ecosystem of agencies, to ensure that the benefits from the sector, both direct and indirect, redound to every Guyanese,” Dr. Bynoe said.

The Uaru well encountered approximately 94 feet (29 metres) of high-quality oil-bearing sandstone reservoir. The well, drilled in 6,342 feet (1,933 metres) of water, is located approximately 10 miles (16 kilometres) northeast of the Liza field, which started oil production in December 2019.

“The petroleum sector is already stimulating increased employment and expanded services, and we are expecting a ramping up of these benefits during the Decade of Development (2020-2029) which is aimed at ensuring that the country’s petroleum resources are utilised to improve citizens’ quality of life and retaining greater value from the sector for Guyana and Guyanese,” Dr. Bynoe said.

Additionally, by the second quarter of 2020 production from the Liza Phase 1 development will produce up to 120,000 barrels of oil daily utilizing the floating production storage and offloading vessel (FPSO), Liza Destiny. Under the Production Sharing Agreement (PSA) governing the Stabroek Block, the Government of the Cooperative Republic of Guyana will be receiving at a minimum, 2 per cent royalty on all oil produced in the Block plus 12.5 per cent profit oil. As the capital and operating costs are liquidated, Guyana’s share of profit oil will increase.

The Liza Unity FPSO, which will be employed for the second phase of Liza development and will have a production capacity of 220,000 barrels of oil per day, is under construction and expected to start production by mid-2022.

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It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Last edited by Former Member
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

bai...both PPP and PNC and all other supporters should benefit from oil

why should anyone end up with katahar?

they will have enough for every man, woman and child...no need to be divisive in sharing of the wealth

Ray posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

bai...both PPP and PNC and all other supporters should benefit from oil

why should anyone end up with katahar?

they will have enough for every man, woman and child...no need to be divisive in sharing of the wealth

Bai Ray, I didn’t mean to say that PNC supporters shouldn’t enjoy the oil. I meant to say that PNC is going to lose because of their wickedness by attempting to rig and raping the constitution.

The PNC didn’t take advantage of the goodwill which put them in office and quickly returned to their wicked ways.

All Guyanese regardless of race or party affiliation must be equal partners in the oil boom. 

 

Last edited by Former Member
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

Django posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

Who you fooling, don't compare this oil with coconut oil. Suh Papa Burnham find oil? 

Bibi Haniffa posted:
Amral posted:

In about 5 years Guyanese should be able to buy gasoline very cheap compared to other places the Caribbean. 

There is a fuel shortage in Guyana right now.

Rusal laid off about 150 workers because of fuel shortage. 

kp posted:
Django posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

Who you fooling, don't compare this oil with coconut oil. Suh Papa Burnham find oil? 

Were you like  Kumbhakarna, when there was oil exploration in the 70's. ?

kp posted:
Bibi Haniffa posted:
Amral posted:

In about 5 years Guyanese should be able to buy gasoline very cheap compared to other places the Caribbean. 

There is a fuel shortage in Guyana right now.

Rusal laid off about 150 workers because of fuel shortage. 

The ploy will not suffice.

Django posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

I en know how Granger nah honor you Rass yet... unless the people before you is 10 times more clever than you in propping up PNCR.

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Last edited by Former Member
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Start worrying about the FH crew , they are heading to be fossilized. The intention of one man is the root cause.

Last edited by Django
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

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Dave posted:
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Please provide a link to the article. Also if you intend to use snapshot from FB ,provide the link.

We are aware Holder is getting out of politics.

Last edited by Django
Django posted:
Dave posted:
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Please provide a link to the article. Also if you intend to use snapshot from FB ,provide the link.

We are aware Holder is getting out of politics.

Take of your blinders - you en see inewsguyana.com

BTW - where was your source to say Burnham was first to discover oil.

Hypocrites!! 

kp posted:
Django posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

Who you fooling, don't compare this oil with coconut oil. Suh Papa Burnham find oil? 

Yes he did.  And refused 35% royalty.  His god son accept 2%.

Dave posted:
Django posted:
Dave posted:
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Please provide a link to the article. Also if you intend to use snapshot from FB ,provide the link.

We are aware Holder is getting out of politics.

Take of your blinders - you en see inewsguyana.com

BTW - where was your source to say Burnham was first to discover oil.

Hypocrites!! 

That's not a link in internet world.

Was an article quoted about the oil exploration in the 70's ?

Django posted:
Dave posted:
Django posted:
Dave posted:
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Please provide a link to the article. Also if you intend to use snapshot from FB ,provide the link.

We are aware Holder is getting out of politics.

Take of your blinders - you en see inewsguyana.com

BTW - where was your source to say Burnham was first to discover oil.

Hypocrites!! 

That's not a link in internet world.

Was an article quoted about the oil exploration in the 70's ?

SO WHERE IS YOUR LINK/ SOURCE TO QUOTE THEW ARTICLE - i telling yo how you is a controversial figa 

So much for source/ link. 

Bibi Haniffa posted:
kp posted:
Django posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

Who you fooling, don't compare this oil with coconut oil. Suh Papa Burnham find oil? 

Yes he did.  And refused 35% royalty.  His god son accept 2%.

You are aware there are also profit share added to the 2% royalty.

Dave posted:
Django posted:
Dave posted:
Django posted:
Dave posted:
Sean posted:

After this election, PNC will be dismantled and will be renamed the Dinosaur Fossil People’s Party.

or Pig Mouth Amna Party.

DJ might even become chairman of that party, you never know. 

Please provide a link to the article. Also if you intend to use snapshot from FB ,provide the link.

We are aware Holder is getting out of politics.

Take of your blinders - you en see inewsguyana.com

BTW - where was your source to say Burnham was first to discover oil.

Hypocrites!! 

That's not a link in internet world.

Was an article quoted about the oil exploration in the 70's ?

SO WHERE IS YOUR LINK/ SOURCE TO QUOTE THEW ARTICLE - i telling yo how you is a controversial figa 

So much for source/ link. 

Always arguing like a fourth grader ,i made a statement about oil exploration in 70's ,nothing was quoted from an article.

Django posted:
Bibi Haniffa posted:
kp posted:
Django posted:
Sean posted:

It was PPP which started oil exploration much to mockery from the PNC and PPP will govern with oil in 2020. 

PNC started with rigging and raping of the constitution and they will end up with Katahar.

Karma. You reap with you sow. 

Oil exploration started since Burnham days. Even the Colonials saw oil residue in the Mabaruma area.

Who you fooling ?

Who you fooling, don't compare this oil with coconut oil. Suh Papa Burnham find oil? 

Yes he did.  And refused 35% royalty.  His god son accept 2%.

You are aware there are also profit share added to the 2% royalty.

Only after we pay back the $10 billion we owe them which is the 12th of never.