ExxonMobil Announces Successful Payara-2 Well Offshore Guyana
25 Juillet 2017 - 3:00PM
Business Wire
- Well encounters 59 feet of
high-quality, oil-bearing sandstone reservoirs
- Increases total Payara resource to
approximately 500 million oil-equivalent barrels
- Payara located only 12 miles from the
Liza phase 1 project
Exxon Mobil Corporation (NYSE:XOM) today announced it has
discovered additional oil in the Payara reservoir offshore Guyana,
increasing the total Payara discovery to approximately 500 million
oil-equivalent barrels.
These positive well results increase the estimated gross
recoverable resource for the Stabroek Block to between 2.25 billion
oil-equivalent barrels and 2.75 billion oil-equivalent barrels.
The well was successfully drilled by ExxonMobil affiliate Esso
Exploration and Production Guyana Limited and encountered 59 feet
(18 meters) of high-quality, oil-bearing sandstone in the Payara
field.
It was safely drilled to 19,068 feet (5,812 meters) in
approximately 7,000 feet (2,135 meters) of water. The well is only
12 miles (20 kilometers) northwest of the recently funded Liza
phase 1 project on the Stabroek Block, which is approximately 130
miles offshore Guyana.
“Payara-2 confirms the second giant field discovered in Guyana,”
said Steve Greenlee, president of ExxonMobil Exploration Company.
“Payara, Liza and the adjacent satellite discoveries at Snoek and
Liza Deep will provide the foundation for world class oil
developments and deliver substantial benefits to Guyana. We are
committed to continue to evaluate the full potential of the
Stabroek Block.”
The Stabroek Block is 6.6 million acres (26,800 square
kilometers). Esso Exploration and Production Guyana Limited is
operator and holds 45 percent interest in the Stabroek Block. Hess
Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen
Petroleum Guyana Limited holds 25 percent interest.
CAUTIONARY NOTE:
Statements that reference future events or conditions in this
press release are forward-looking statements. Actual future
results, including project plans and resource recoveries, may
differ significantly depending on changes in oil or gas prices and
other market or economic factors that affect the petroleum
industry; the outcome of exploration and development programs;
reservoir performance; unexpected technical difficulties or other
technical or operating factors; the actions of governmental
authorities or regulatory agencies; and other factors listed under
the heading “Factors Affecting Future Results” on the Investor page
at the ExxonMobil website at www.exxonmobil.com and in Item 1A of
ExxonMobil’s most recent Form 10-K. References to oil-equivalent
barrels, recoverable resource and other quantities of oil or gas in
this release include volumes that are not yet classified as proved
reserves under SEC definitions, but that we believe will ultimately
be produced.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is the largest refiner and marketer of
petroleum products, and its chemical company is one of the largest
in the world. Follow ExxonMobil on Twitter at
www.twitter.com/exxonmobil.
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