ExxonMobil Announces Oil Discovery at Whiptail, Offshore Guyana
28 Juillet 2021 - 12:57PM
Business Wire
- Significant new oil discovery located southeast of Uaru and
west of Yellowtail
- Could form the basis for a future development in the Stabroek
Block
- Adds to the previous recoverable resource estimate of
approximately 9 billion oil equivalent barrels
- More than 2,600 Guyanese supporting oil and gas activities in
country
ExxonMobil today said it made a discovery at Whiptail in the
Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246
feet (75 meters) of net pay in high quality oil bearing sandstone
reservoirs. Drilling is also ongoing at the Whiptail-2 well, which
has encountered 167 feet (51 meters) of net pay in high quality oil
bearing sandstone reservoirs. Drilling continues at both wells to
test deeper targets, and results will be evaluated for future
development.
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The Whiptail discovery is located approximately 4 miles
southeast of the Uaru-1 discovery that was announced in January
2020 and approximately 3 miles west of the Yellowtail field.
Whiptail-1 is being drilled in 5,889 feet (1,795 meters) of water
by the Stena DrillMAX. Whiptail-2, which is located 3 miles
northeast of Whiptail-1, is currently being drilled in 6,217 feet
(1,895 meters) of water by the Noble Don Taylor.
“This discovery increases our confidence in the resource size
and quality in the southeast area of the Stabroek Block and could
form the basis for a future development as we continue to evaluate
the best sequence of development opportunities within the block,”
said Mike Cousins, senior vice president of exploration and new
ventures at ExxonMobil.
ExxonMobil envisions at least six projects online by 2027 and
sees potential for up to 10 projects to develop its current
recoverable resource base.
The Liza Destiny floating production storage and offloading
(FPSO) vessel is currently producing about 120,000 barrels of oil
per day.
The startup of Liza Phase 2 remains on target for early 2022,
and the Liza Unity FPSO expects to sail from Singapore to Guyana in
late August 2021. The Unity has a production capacity of
approximately 220,000 barrels of oil per day.
The hull for the Prosperity FPSO vessel is complete, and
topsides construction activities are ongoing in Singapore with a
startup target of 2024. The first Payara development well was
spudded in June 2021, and the offshore SURF installation will begin
in 3Q 2021.
Yellowtail has been identified as the fourth development project
in the Stabroek Block offshore Guyana with anticipated startup in
2025. Following necessary government approvals and a final
investment decision, this project will develop the Yellowtail and
Redtail fields, which are located about 19 miles (30 kilometers)
southeast of the Liza developments, and potentially adjacent
resources.
These new projects continue to contribute to the advancement of
the Guyanese economy. More than 2,600 Guyanese are now supporting
project activities on and offshore, which reflects an increase of
more than 20 percent since the end of 2019. ExxonMobil and its key
contractors have spent approximately US$388 million with more than
800 local companies since 2015.
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, one of the largest publicly traded international
energy companies, 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. To learn more, visit exxonmobil.com and
the Energy Factor.
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Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans,
schedules, capacities, production rates, and resource recoveries
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 obtaining
necessary regulatory permits; restrictions in trade, travel or
other government responses to current or future outbreaks of
COVID-19; reservoir performance; the outcome of future exploration
efforts; timely completion of development and construction
projects; technical or operating factors; the outcome of commercial
negotiations; unexpected technological breakthroughs or challenges;
and other factors cited under the caption “Factors Affecting Future
Results” on the Investors page of our website at exxonmobil.com and
under Item 1A. Risk Factors in our annual report on Form 10-K and
quarterly reports on Form 10-Q. References to “recoverable
resources,” “oil-equivalent barrels,” and other quantifies of oil
and gas include estimated quantities that are not yet classified as
proved reserves under SEC definitions but are expected to be
ultimately recoverable. The term “project” can refer to a variety
of different activities and does not necessarily have the same
meaning as in any government payment transparency reports.
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