Exxon Mobil

Activity Highlights

A new discovery was announced by ExxonMobil Corp. in offshore Guyana’s Stabroek Block. The #1-Yellowtail hit 292 ft of high-quality oil in a sandstone reservoir. The well was drilled to 18,445 ft. It is in 6,046 ft of water and is northwest of #1…

Houston-based ExxonMobil Corp. announced an offshore Cyprus gas discovery at #1-Glaucus. The well is in Block 10. It hit a gas-bearing reservoir of approximately 436 ft and was drilled to 13,780 ft in 6,769 ft of water. Preliminary interpretation…

News

As IOCs exit the area, regional operators look to stem the tide of declining production.

International project agreements promise bright outlook for Middle East offshore operators.

Offshore investment activity will see a gradual recovery next year with capex estimated to reach almost $180 billion in 2025.

Once late to the Permian party, two supermajors are poised for significant ramp-ups in production from the Permian Basin.