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Former Member

The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water. Stabroek Block is 6.6 million acres (26,800 square kilometers). ... Esso Exploration and Production Guyana Ltd. holds 45 percent interest. Hess Guyana Exploration Limited holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

Exxon Mobil announces significant oil discovery offshore Guyana

By Staff on May 20, 2015

“I am encouraged by the results of the first well on the Stabroek Block,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company.

Exxon Mobil announces significant oil discovery offshore Guyana

IRVING, Texas, May 20, 2015 – Exxon Mobil Corporation today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana.

“I am encouraged by the results of the first well on the Stabroek Block,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company. “Over the coming months we will work to determine the commercial viability of the discovered resource, as well as evaluate other resource potential on the block.”

The well was spud on March 5, 2015. The well data will be analyzed in the coming months to better determine the full resource potential.

Esso Exploration and Production Guyana Ltd. holds 45 percent interest. Hess Guyana Exploration Limited holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

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Former Member

PPP is screaming "not fair, how come we don't get to steal it?"

5/20/153:19 PM

Former Member

Originally Posted by caribny:

PPP is screaming "not fair, how come we don't get to steal it?"

CaribJ they are still fighting

GoatShit Issues like...

Why Moses aint swear in Yet?

AFC will not get 12 Seats in Parliament.

AFC will not get the 6 ministries

as per the Cummingsberg Accord.

If Moses do not slide in

some Coolieman in Top Positions

Granger will put dem type like CaribJ.

Will Nandalall and others

who benefit from the Sperm Exchange

get Lock up....

Article 163 of the Limacol Act

guarantee PPP Victory.

5/20/153:37 PM

Former Member

The PPP made the oil exploration possible and ready made for the PNC. Five years ago, the exploration was ongoing to reap the harvest now. This was swept away from under the PPP feet.

5/20/153:43 PM

MitwahSenior Member

Originally Posted by Cobra:

The PPP made the oil exploration possible and ready made for the PNC. Five years ago, the exploration was ongoing to reap the harvest now. This was swept away from under the PPP feet.

It's an act of God. He knows best.

5/20/153:45 PM

Former Member

Originally Posted by Mitwah:

Originally Posted by Cobra:

The PPP made the oil exploration possible and ready made for the PNC. Five years ago, the exploration was ongoing to reap the harvest now. This was swept away from under the PPP feet.

It's an act of God. He knows best.

Five years ago, everyone was speaking negatively about the possibility of finding oil. Now, all hand on deck to reap the crop that PNC didn't sowed.

5/20/153:50 PM

Former Member

Exxon Mobil announces “significant” oil discovery

5/20/159:44 PM

cainTired old hippie

Originally Posted by Cobra:

Originally Posted by Mitwah:

Originally Posted by Cobra:

The PPP made the oil exploration possible and ready made for the PNC. Five years ago, the exploration was ongoing to reap the harvest now. This was swept away from under the PPP feet.

It's an act of God. He knows best.

Five years ago, everyone was speaking negatively about the possibility of finding oil. Now, all hand on deck to reap the crop that PNC didn't sowed.

We were speaking negatively because we knew what the PPP had in store with all $$$$$, we didn't really care, Guyana would have never seen a quarter of the $$$.

5/21/1512:18 AM

Former Member

Originally Posted by Cobra:

Originally Posted by Mitwah:

Originally Posted by Cobra:

The PPP made the oil exploration possible and ready made for the PNC. Five years ago, the exploration was ongoing to reap the harvest now. This was swept away from under the PPP feet.

It's an act of God. He knows best.

Five years ago, everyone was speaking negatively about the possibility of finding oil. Now, all hand on deck to reap the crop that PNC didn't sowed.

PPP didn't sow it either. This is the investment of a private company. The thiefman were just looking for their next pay day.

5/21/1512:33 AM

Former Member

It would be good if Guyana get rich. I say put the royalties into a fund and invest it and use some of the interest to build the country.

5/21/1512:41 AM

Former Member

Originally Posted by Wally:

It would be good if Guyana get rich. I say put the royalties into a fund and invest it and use some of the interest to build the country.

Guyana is likely to go the way of all such Third World countries who discovered oil. Guyana will succumb to corruption and massive income inequality.

5/21/1512:46 AM

Former Member

Originally Posted by Shaitaan:

Originally Posted by Wally:

It would be good if Guyana get rich. I say put the royalties into a fund and invest it and use some of the interest to build the country.

Guyana is likely to go the way of all such Third World countries who discovered oil. Guyana will succumb to corruption and massive income inequality.

APNU+AFC knows how to manage the "superfund" well.

5/21/1512:48 AM

cainTired old hippie

Originally Posted by Shaitaan:

Originally Posted by Wally:

It would be good if Guyana get rich. I say put the royalties into a fund and invest it and use some of the interest to build the country.

Guyana is likely to go the way of all such Third World countries who discovered oil. Guyana will succumb to corruption and massive income inequality.

You're stuck in PPP's thinking mode.

5/21/1512:59 AM

Former Member

Originally Posted by Wally:

It would be good if Guyana get rich. I say put the royalties into a fund and invest it and use some of the interest to build the country.

That is exactly what Granger said he would do. Most of the benefits from the oil, aside from royalties and taxes will accrue to Trinidad. They have already built that into their plans. They have the infrastructure and the expertise and are nearby. In fact Trinidadians are already being used.

5/21/152:02 AM

Former Member

Originally Posted by Cobra:

The PPP made the oil exploration possible and ready made for the PNC. Five years ago, the exploration was ongoing to reap the harvest now. This was swept away from under the PPP feet.

As I said, PPP own big mouth brought this on. BJ and the overall PPP inner-circle anti-US stance, Priya cuss-down of the US ambassador and the PPP general corruption/nepotism, US ain't going to allow another member of Maduro/Morales/Castro axis to go wild on oil money. PPP is Indians own worse enemy. Bunch of clowns. Now all the leader who cuss America...guess where they coming.

5/21/156:46 AM

Former Member

Originally Posted by caribny:

Originally Posted by Wally:

It would be good if Guyana get rich. I say put the royalties into a fund and invest it and use some of the interest to build the country.

We will be "Denmark."

5/21/156:48 AM

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Exxon Mobil announces significant oil discovery offshore Guyana

Exxon Mobil announces “significant” oil discovery

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