ExxonMobil Announces Eighth Discovery Offshore Guyana
20 Juin 2018 - 3:00PM
Business Wire
- Longtail-1 well encounters
approximately 256 feet of high-quality, oil-bearing sandstone
- Discovery is in southeast portion of
Stabroek Block, near Turbot discovery
- Adding third drillship to accelerate
exploration of high value prospects
Exxon Mobil Corporation (NYSE:XOM) said today it made its eighth
oil discovery offshore Guyana at the Longtail-1 well, creating the
potential for additional resource development in the southeast area
of the Stabroek Block.
ExxonMobil encountered approximately 256 feet (78 meters) of
high-quality, oil-bearing sandstone reservoir. The well was safely
drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940
meters) of water. The Stena Carron drillship commenced drilling on
May 25, 2018.
“The Longtail discovery is in close proximity to the Turbot
discovery southeast of the Liza field,” said Steve Greenlee,
president of ExxonMobil Exploration Company. “Longtail drilling
results are under evaluation. However, the combined estimated
recoverable resources of Turbot and Longtail will exceed 500
million barrels of oil equivalent, and will contribute to the
evaluation of development options in this eastern portion of the
block.”
ExxonMobil is currently making plans to add a second exploration
vessel offshore Guyana in addition to the Stena Carron drillship,
bringing its total number of drillships on the Stabroek Block to
three. The new vessel will operate in parallel to the Stena Carron
to explore the block’s numerous high-value prospects.
The Noble Bob Douglas is completing initial stages of
development drilling for Liza Phase 1, for which ExxonMobil
announced a funding decision in 2017. Phase 1 will consist of 17
wells connected to a floating production, storage and offloading
(FPSO) vessel designed to produce up to 120,000 barrels of oil per
day. First oil is expected in early 2020. Phase 2 concepts are
similar to Phase 1 and involve a second FPSO with production
capacity of 220,000 barrels per day. A third development, Payara,
is planned to follow Liza Phase 2.
Guyanese businesses, contractors and employees continue to play
an important role in ExxonMobil’s operations in the country.
ExxonMobil and project partners spent $24 million with more than
300 local suppliers in 2017 and opened the Centre for Local
Business Development in the capital city of Georgetown to promote
the establishment and growth of small- and medium-sized local
businesses. ExxonMobil’s priorities in Guyana are focused on
enabling local workforce and supplier development and collaborating
with government to support the growth and success of its economy,
both in the energy and non-energy sectors.
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.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement:
Statements of future events or conditions in this release are
forward-looking statements. Actual future results, including
project plans and schedules, resource recoveries and production
rates could differ materially due to changes in market conditions
affecting the oil and gas industry or long-term oil and gas price
levels; political or regulatory developments; reservoir
performance; the outcome of future exploration and development
efforts; technical or operating factors; the outcome of future
commercial negotiations; and other factors cited under the caption
“Factors Affecting Future Results” on the Investors page of our
website at www.exxonmobil.com. References to “recoverable resource”
include quantities that are not yet classified as proved reserves
under SEC rules but that we believe will be produced in the future
and moved into the proved reserve category.
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