Page 9 - LatAmOil Week 17 2022
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LatAmOil                                      VENEZUEL A                                           LatAmOil



                         Ryan Berg, the head of the Future of Venezuela   Medina, the head of Citgo’s opposition-con-
                         Initiative at the Center for Strategic and Interna-  trolled ad hoc board of directors, said he
                         tional Studies (CSIS) in Washington, said earlier   expected Washington to extend the special
                         this week that he believed that meeting might   operating licence that exempts the US major
                         serve as a foundation for additional talks in the   Chevron from restrictions on investment in the
                         near future, perhaps in Trinidad and Tobago.  Venezuelan oil sector.
                           It is not clear whether the opposition – which   Medina was quoted by Reuters as saying
                         plays a key role in PdVSA’s operations, owing to   during a virtual event that Chevron and the
                         its de facto control of the NOC’s most impor-  US-based oilfield service providers (OSPs) that
                         tant foreign asset, the US-based refiner Citgo   have maintained a token presence in the South
                         – would agree to participate in such talks, were   American state – Baker Hughes, Halliburton,
                         they to take place. Berg said Guaido’s allies might   Schlumberger and Weatherford International –
                         be wary of Trinidad and Tobago, as they have   were likely to be granted more time.
                         accused Port of Spain of mistreating the Vene-  “I think it is very likely that Chevron and
                         zuelan migrants found in its territorial waters.  service companies will have their licenses
                           For  his  part,  Guaido’s  energy  advisor   extended,” he said.
                         remarked: “Go ahead and meet, but the other   He did not offer any evidence to support his
                         thing [the opposition] can do is upset the table   assertion, though he did note that Chevron had
                         and assume a harder stance.”         reportedly asked for a two-year extension rather
                                                              than the usual three- or six-month extension. As
                         Sanctions waivers                    of press time, none of the companies in question
                         Both were speaking several days after Horacio   had commented on the matter. ™



                                                        GUYANA
       ExxonMobil makes 3 new finds at Stabroek






                         US-BASED ExxonMobil said on April 26 that it   ExxonMobil did not specify whether it had
                         had raised its recoverable resource estimate for   found gaseous or liquid hydrocarbons in any
                         the Stabroek block offshore Guyana to nearly   of the wells. (According to a map published by
                         11bn barrels of oil equivalent (boe) after making   Kaieteur News, Lukanani-1 appears to be in the
                         three additional discoveries in the south-eastern   vicinity of Pluma, a section of the block that is
                         section of its licence area.         believed to hold gas as well as oil.)
                           In a statement, the super-major reported that   The company went on to say that it had
                         it had found hydrocarbons in the Barreleye-1,   drilled Barreleye-1, Lukanani-1 and Patwa-1 in
                         Lukanani-1 and Patwa-1 exploration wells.   water depths of 1,170 metres, 1,240 metres and
                         Barreleye-1 encountered around 70 metres of   1,925 metres of water respectively. Additionally,
                         hydrocarbon-bearing sandstone, it noted, while   it stated that drilling operations were “ongoing”
                         Lukanani-1 and Patwa-1 encountered about 35   at Lukanani-1 and Barreleye-1.
                         metres and 33 metres of hydrocarbon-bearing   The statement did not reveal the likely size of
                         sandstone respectively.              the three new fields.

























                                         The new discoveries are in the south-eastern section of the Stabroek block (Image: Hess)



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