Green Light: ExxonMobil Gets Approval to Drill New Oil Wells in Guyana, Initiative Will Create Hundreds of Jobs

Written by Roberta Souza

Published on 09/07/2023 at 11:04

Plataforma de petróleo da ExxonMobil/ Fonte: Offshore Tecnology

1 person reacted to this.

The New Oil Wells That Will Be Originated in This ExxonMobil Endeavor Will Generate Numerous Job Opportunities for the Residents of Guyana

While Petrobras awaits a new decision from Ibama to explore the potential oil potential of the Equatorial Margin in Brazil, ExxonMobil is advancing with its plans in the oil exploration region. The American giant has received the green light from the Guyana Environmental Protection Agency (EPA) to begin a drilling campaign to explore and evaluate 35 oil wells in the Stabroek Block, on the Guyanese coast. This authorization will allow ExxonMobil to discover new resources and reassess existing recoverable hydrocarbons in the block’s reservoirs, paving the way for future development projects.

Guyana holds the largest oil and crude oil reserves in South America, and ExxonMobil is taking advantage of this strategic opportunity. ExxonMobil plans to start drilling activities for oil and crude oil wells in the third quarter of this year, and if discoveries are made, tests on these wells may be conducted. The drilling campaign is expected to be completed by the fourth quarter of 2028. It is estimated that, on a single drillship, the offshore workforce will consist of approximately 175 people, considering the range and average crew size for the fleet currently operating in the region.

Guyana is being swift in exploring its oil and crude oil resources, recognizing the importance of utilizing them before the energy transition. Meanwhile, Brazil seems to be missing the opportunity. While ExxonMobil advances with its plans in Guyana, Petrobras is still awaiting a decision to explore the oil potential in Brazil’s Equatorial Margin.

ARTICLE CONTINUES BELOW

The Oil Wells “Found” by ExxonMobil

In the Stabroek Block, ExxonMobil has already identified the presence of several reservoirs of oil and crude oil, with an estimated recoverable resource of approximately 1.75 billion cubic meters of oil equivalent. Development projects in this area have already brought in more than US$ 1 billion in direct revenue for Guyana so far. Additionally, these oil and crude oil operations by ExxonMobil have created opportunities for over 4,400 Guyanese workers who support onshore and offshore activities, and for more than 1,000 local companies, which received approximately US$ 700 million in spending on these projects.

While the Brazilian government seeks to advance oil and crude oil exploration in the Equatorial Margin, it is important to look at neighboring countries, such as Guyana, that are seizing their opportunities and generating jobs and economic development.

Green Light: ExxonMobil Gets Approval to Drill New Oil Wells in Guyana, Initiative Will Create Hundreds of Jobs

The New Oil Wells That Will Be Originated in This ExxonMobil Endeavor Will Generate Numerous Job Opportunities for the Residents of Guyana

The Oil Wells “Found” by ExxonMobil

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The coastal El Niño is not the classic El Niño, but it already raises a question in Brazil: can the phenomenon alter rain, heat, and winter?

The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

Green Light: ExxonMobil Gets Approval to Drill New Oil Wells in Guyana, Initiative Will Create Hundreds of Jobs

The New Oil Wells That Will Be Originated in This ExxonMobil Endeavor Will Generate Numerous Job Opportunities for the Residents of Guyana

The Oil Wells “Found” by ExxonMobil

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

The coastal El Niño is not the classic El Niño, but it already raises a question in Brazil: can the phenomenon alter rain, heat, and winter?

The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.