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PESA WA July Evening talk: Guyana – 10 billion barrels and counting
Tuesday, 4 July, 2023 @ 6:00 pm - 8:00 pm (Australia/Perth time)
Free – $50.00
Guest Speaker(s): Rod Limbert
Rod Limbert has a BSc (Hons) from the University of New England. He worked as a geophysicist at WAPET for 7 years before joining Esso Australia, initially working as a geophysicist before undertaking a number of management assignments. He then spent 4 years in Indonesia as Exploration Manager before being assigned to Houston with Exxon and then ExxonMobil. He spent 15 years in Houston in exploration management positions in the US onshore, Canada, Yemen, South America and New Business development. During the time he was Exploration Manager for South America he was responsible for the identification and capture of the Stabroek Block in Guyana which is the subject of his talk.
Guyana: 10 billion barrels and counting….
Rod Limbert
Technical Abstract
In 2015 ExxonMobil discovered oil in the Stabroek Block in the deep water of Guyana, South America. Subsequent discoveries have resulted in announced reserves of 10+ billion barrels. First oil commenced in December 2019 with a second development coming online February 1922. Current production capacity is 340,000 barrels per day with additional developments in progress.
This talk will describe:
- The rationale for the pursuit of this opportunity first developed in 1997.
- Negotiation of the Production Sharing Agreement which was signed in June of 1999.
- Delays caused by the Guyana/Suriname boundary dispute.
- A description of the play elements.
- Current status of exploration.
Lastly the talk will make some observations relative to the pursuit of frontier acreage opportunities
Event Sponsors:
Tuesday 4th July 6pm (for talk starting at 6.45pm)
Cost:
PESA Members: $25.00 (Members must Log on to the PESA website to see the member prices)
Non-members: $50.00
PESA Students Members: Free (registration is essential)
Bookings close Monday 3rd July at 12 noon for venue and catering purposes.
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