GUYANA - ExxonMobil Guyana Limited the operator of the Stabroek Block, and China National Offshore Oil Corporation CNOOC a 25 percent partner in the block have both declared that their total recoverable Stabroek Block estimate falls below 11 billion barrels of oil equivalent boe.
Meanwhile, Hess, a 30 percent partner in the block, had disclosed that their figure exceeds the less-than-11-billion-barrels-of-oil-equivalent figure shared by the operator of the block. In its 2024 Annual Report, CNOOC highlighted some progress that was made in the Stabroek Block last year. The company stated, “Made a one-hundred-million-tons new discovery of Bluefin, further expanding the resource base in the southeastern portion of the block. Total recoverable resources of approximately 11 billion boe and 8 projects will be in production by 2030, with total production expected to be 1.3 million barrel/day and capacity to be 1.7 million barrel/day. (Kaieteur News)
