Category: Industry Updates

Taken from OilNOW ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds […]

Taken from OilNOW The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of Natural Resources. A Local Content Master Plan is a ‘development blueprint’ that is enforceable […]

Taken from OilNOW Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago. With the bridge loan in hand, GYSBI now has the greenlight to secure further financing to advance its planned expansion, pegged somewhere around nine […]

Taken from OilNOW ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33 discoveries amounting to approximately 11 billion barrels of oil equivalent resources. The […]

Taken from OilNOW Stabroek Block operator ExxonMobil and its partners have made a double discovery – now a total of seven discoveries for the year 2022. The discoveries were made at the Seabob and Kiru-Kiru wells, southeast of the Liza and Payara developments. The Seabob-1 well encountered approximately 131 feet (40 meters) of high-quality hydrocarbon-bearing […]

Taken from OilNOW ExxonMobil’s massive oil discoveries in Guyana led to the creation of the Guyana Shore Base Inc. (GYSBI) back in 2017 to service the rapidly increasing operations offshore. It was the brainchild of four companies – Muneshwer’s Limited, TOTALTEC Oilfield Services, Pacific Rim Constructors, and LED Offshore Limited. Starting from scratch, GYSBI secured […]

Taken from OilNOW The Guyana Shore Base Inc. (GYSBI) – the South American nation’s premiere shore base facility secured an 11-year extension contract to see it giving continued service to ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL). GYSBI’s new contract will run up to 2033, building on the existing contract that was […]

Taken from OilNOW In keeping with Guyana’s strict Local Content regulations, the Guyana Shore Base (GYSBI) is on the hunt for local vendors that fit the 40 sectors outlined in Schedule 1 of the Local Content Act. “GYSBI has committed to this undertaking to ensure we are in compliance with the Local Content provisions. This process has […]

Taken from OilNOW Guyana Shore Base Inc. (GYSBI) celebrated two years without lost time injuries (LTI), earlier this month. LTI refers to an injury sustained on the job by an employee, which results in the loss of productive work time. Lost time injuries encompass both temporary injuries that keep the employee away from work for a […]

Taken from OilNOW ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022. The Barreleye-1 […]