ExxonMobil Announces Two New Guyana Discoveries
26 Octobre 2022 - 1:10PM
Business Wire
- Third quarter production grew to approximately 360,000 barrels
a day; one million barrels a day targeted by 2030
- Third major development on schedule for 2023 start-up
- More than 30 discoveries in the Stabroek block since 2015
ExxonMobil today announced two discoveries at the Sailfin-1 and
Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its
extensive portfolio of development opportunities. ExxonMobil has
made more than 30 discoveries on the block since 2015, and it has
ramped up offshore development and production at a pace that far
exceeds the industry average.
“Our unrivaled exploration success and accelerated pace of
development in Guyana are a testament to our people, decades of
experience, technology capabilities and steadfast focus on
optimizing all aspects of operations,” said Liam Mallon, president
of ExxonMobil Upstream Company. “We are committed to responsibly
and safely developing this world-class resource to help meet global
demand for secure, reliable and lower-emission energy. Our
investments through the pandemic have allowed us to increase supply
at this critical time, while creating value for the people of
Guyana, our partners and shareholders.”
The Sailfin-1 well encountered approximately 312 feet (95
meters) of hydrocarbon-bearing sandstone and was drilled in 4,616
feet (1,407 meters) of water. The Yarrow-1 well encountered
approximately 75 feet (23 meters) of hydrocarbon-bearing sandstone
and was drilled in 3,560 feet (1,085 meters) of water. Both wells
were drilled by the Stena Carron drillship.
ExxonMobil’s first two sanctioned offshore Guyana projects, Liza
Phase 1 and Liza Phase 2, are now producing above design capacity
and achieved an average of nearly 360,000 barrels of oil per day in
the third quarter. A third project, Payara, is expected to start-up
by the end of 2023, and a fourth project, Yellowtail, is expected
to start-up in 2025. ExxonMobil is currently pursuing environmental
authorization for a fifth project, Uaru. By the end of the decade,
ExxonMobil expects Guyana’s oil production capacity to be more than
one million barrels a day.
Guyana’s Stabroek block is 6.6 million acres (26,800 square
kilometers). ExxonMobil affiliate Esso Exploration and Production
Guyana Limited is the operator and holds 45% interest in the block.
Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC
Petroleum Guyana Limited holds 25% interest.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy and petrochemical companies, creates solutions that improve
quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product
Solutions and Low Carbon Solutions - provide products that enable
modern life, including energy, chemicals, lubricants, and
lower-emissions technologies. ExxonMobil holds an industry-leading
portfolio of resources, and is one of the largest integrated fuels,
lubricants and chemical companies 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; reservoir
performance; the outcome of future exploration efforts; timely
completion of development and construction projects; technical or
operating factors; 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. 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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