Exxon commences drilling deepest well offshore Guyana

US oil giant ExxonMobil has begun drilling at the Tanager-1 well located in the Kaieteur Block offshore Guyana. The target total depth of 8000 metres will take an estimated 90 days to drill, Westmount Energy Limited announced recently.

On Monday, local online news website, Demerara Waves quoted an official from ExxonMobil confirming that drilling commenced two weeks ago at the deepest exploratory well offshore Guyana.

On August 11, Westmount Energy Limited (WTE.L) highlighted the announcement by Ratio Petroleum Energy Limited Partnership (“Ratio Petroleum”), dated August 10, 2020, that the Stena Carron drillship has arrived on location at the Tanager-1 wellsite on the Kaieteur Block, offshore Guyana and will commence drilling operations imminently.

Westmount Energy Limited’s statement noted that Exxon operates the block with a 35 per cent stake, Ratio owns 25 per cent, Cataleya Energy has 25 per cent, and Hess holds a 15 per cent stake in the Kaieteur Block. Westmount owns stakes in Ratio (0.7 per cent) and Cataleya (5.4 per cent).

Westmount, citing previous announcements by Ratio Petroleum, said that the Tanager-1 well has a target total depth of 8000 metres and will take an estimated 90 days to drill.

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We have a large database of Guyanese worldwide.  Most of our readers are in the USA, Canada, and the UK.  Our Blog and Newsletter  would not only carry  articles and videos on Guyana, but also other articles on a wide range of subjects that may be of interest to our readers in over 200 countries, many of them non-Guyanese  We hope that you like our selections.

It is estimated that over one million Guyanese, when counting their dependents, live outside of Guyana.  This exceeds the population of Guyana, which is now about 750,000.  Many left early in the 50’s and 60’s while others went with the next wave in the 70’s and 80’s.  The latest wave left over the last 20 years. This outflow of Guyanese, therefore, covers some three generations. This outflow still continues today, where over 80 % of U.G. graduates now leave after graduating.  We hope this changes, and soon.

Guyanese, like most others, try to keep their culture and pass it on to their children and grandchildren.  The problem has been that many Guyanese have not looked back, or if they did it was only fleetingly.  This means that the younger generations and those who left at an early age know very little about Guyana since many have not visited the country.  Also, if they do get information about Guyana, it is usually negative and thus the cycle of non-interest is cultivated.

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