ExxonMobil Announces Two New Discoveries Offshore Guyana
06 Février 2019 - 2:00PM
Business Wire
- Eleventh and 12th discoveries made at
Tilapia-1 and Haimara-1 wells in southeast section of Stabroek
Block
- Adds to recently updated estimate of
the discovered recoverable resource to more than 5 billion
oil-equivalent barrels
- Growing Turbot area offers significant
development potential; baseline 4-D seismic in progress
ExxonMobil said today it made two additional discoveries
offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the
total number of discoveries on the Stabroek Block to 12. The
discoveries build on the previously announced estimated recoverable
resource of more than 5 billion oil-equivalent barrels on the
Stabroek block.
Tilapia-1 is the fourth discovery in the Turbot area that
includes the Turbot, Longtail and Pluma discoveries. Tilapia-1
encountered approximately 305 feet (93 meters) of high-quality
oil-bearing sandstone reservoir and was drilled to a depth of
18,786 feet (5,726 meters) in 5,850 feet (1,783 meters) of water.
The well is located approximately 3.4 miles (5.5 kilometers) west
of the Longtail-1 well.
The Noble Tom Madden drillship began drilling the well on Jan. 7
and will next drill the Yellowtail-1 well, approximately six miles
(10 kilometers) west of Tilapia-1 in the Turbot area. Baseline 4-D
seismic data acquisition is underway.
“We see a lot of development potential in the Turbot area and
continue to prioritize exploration of high-potential prospects
here,” said Steve Greenlee, president of ExxonMobil Exploration
Company. “We expect this area to progress to a major development
hub providing substantial value to Guyana, our partners and
ExxonMobil.”
The other discovery was at the Haimara-1 well, which encountered
approximately 207 feet (63 meters) of high-quality, gas-condensate
bearing sandstone reservoir. The well was drilled to a depth of
18,289 feet (5,575 meters) in 4,590 feet (1,399 meters) of water.
It is located approximately 19 miles (31 kilometers) east of the
Pluma-1 discovery and is a potential new area for development. The
Stena Carron drillship began drilling the well on Jan. 3 and will
next return to the Longtail discovery to complete a well test.
There is potential for at least five floating, production
storage and offloading vessels (FPSO) on the Stabroek Block
producing more than 750,000 barrels of oil per day by 2025. The
Liza Phase 1 development is progressing on schedule and is expected
to begin producing up to 120,000 barrels of oil per day in early
2020, utilizing the Liza Destiny FPSO.
Liza Phase 2 is expected to startup by mid-2022. Pending
government and regulatory approvals, sanctioning is expected in the
first quarter of 2019 for the project, which will use a second FPSO
designed to produce up to 220,000 barrels per day. Sanctioning of a
third development, Payara, is also expected in 2019, and startup is
expected as early as 2023.
The Stabroek Block is 6.6 million acres (26,800 square
kilometers). ExxonMobil affiliate 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 Petroleum Guyana Limited, a wholly-owned
subsidiary of CNOOC 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 including the grant of necessary
approvals; 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, oil-equivalent barrels and similar terms
include quantities that are not yet classified as proved reserves
under SEC rules but are expected ultimately to be moved into the
proved reserve category and produced in the future.
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