With a production target already surpassing the 120,000 barrels per day forecast, Guyana will this year see heightened oil and gas activity as Stabroek Block partner, Hess, yesterday remained bullish on operations here and announced a number of developmental plans this year for its “growth and cash engine”.
Among them are plans to further increase production offshore in the Sta-broek Block by the third quarter of this year; have six drill ships by the end of March to execute the exploration and appraisal of some 12 to 15 wells; seeing the arrival of the Liza Unity FPSO by the end of September; and submit a Field Development Plan for the Yellowtail well project by December.
