Monday 23 August 2021

Ocean Edge Services, Inc. (OES) has announced an agreement with Atlantic Marine Supplies, Inc. (AMS), for the servicing of offshore oil production needs in Guyana. AMS was founded in 2010 when exploration off Guyana began again after a long hiatus, and they have been a trusted local supplier through ExxonMobil’s discovery of the Stabroek Block, the official first draw there in December 2019 from the Liza-1 well, and continuing discoveries and commercial production.

As a premiere supplier of hydraulic products and services, Ocean Edge Services will work with AMS to support the needs of existing and new subsea operations in Guyana.

Last June, ExxonMobil announced a new Guyana offshore discovery at Longtail-3, signaling the 20th find from the Stabroek Block since 2015. A neighbor to oil-rich countries like Brazil and Venezuela, Guyana is an emergent energy nation. The Longtail-3 find adds to the current projections of over 9 billion barrels of oil equivalent reserves discovered off the Guyanese coast. ExxonMobil has said the potential may exist for it to eventually install as many as 10 FPSOs in the Stabroek Block.

“There are six drillships active right now in the Stabroek Block, and crude oil exports in quantity are leaving Guyana for the first time to markets like the Netherlands and China,” said Ocean Edge Services COO Raouf Hadad. “The startup of Liza Phase 2 production is targeted to begin just months from now in early 2022. The development of these reserves is important not only for world markets, but for the economy and prosperity of Guyana and the Guyanese people. Ocean Edge Services is excited to work with CEO Vincent Thakur and Atlantic Marine Supplies to provide our expertise, experience, service offerings, and products in support of this oil production growth sector.”