

9/10/2021


IRVING, TX – ExxonMobil introduced a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 toes (67 meters) of net spend in large top quality hydrocarbon bearing sandstone reservoirs. In addition to profitable appraisal of the Turbot discovery, the Turbot-2 very well encountered 43 toes (13 meters) of internet fork out in a newly recognized, substantial top quality hydrocarbon bearing sandstone reservoir independent from the 75 feet (23 meters) of substantial quality, oil bearing sandstone reservoir spend encountered in the unique Turbot-1 discovery perfectly. This follows the extra pay out in further reservoirs encountered at the formerly introduced Whiptail discovery. These final results will be incorporated into foreseeable future developments.
“These discoveries are element of an extensive well system in the Stabroek Block employing 6 drillships to take a look at enjoy extensions and new ideas, examine current discoveries and finish progress wells for the Liza Stage 2 and Payara projects,” reported Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “Our exploration successes go on to maximize the found useful resource and will deliver benefit for both the Guyanese persons and our shareholders.”
Separately, the Liza Unity floating generation storage and offloading (FPSO) vessel set sail from Singapore to Guyana in early September. The FPSO will be used for the Liza Stage 2 development and is anticipated to get started generation in early 2022, with a potential to develop approximately 220,000 barrels of oil per working day. ExxonMobil anticipates at minimum six tasks online by 2027 and sees prospective for up to 10 projects to build its latest discovered recoverable useful resource base. The Liza Destiny FPSO vessel is at present making approximately 120,000 barrels of oil per day.
The Pinktail discovery is positioned close to 21.7 miles (35 kilometers) southeast of the Liza Phase 1 job, which commenced output in December 2019, and 3.7 miles (6 kilometers) southeast of Yellowtail-1. Pinktail was drilled in 5,938 feet (1,810 meters) of h2o by the Noble Sam Croft. The Turbot-2 discovery is positioned somewhere around 37 miles (60 kilometers) to the southeast of the Liza stage a single challenge, and 2.5 miles (4 kilometers) from the Turbot-1 discovery introduced in Oct 2017. Turbot-2 was drilled in 5,790 ft (1,765 meters) of h2o by the Noble Sam Croft.
The Stabroek Block is 6.6 million acres (26,800 sq. kilometers). ExxonMobil affiliate Esso Exploration and Generation Guyana Restricted is operator and holds 45 percent curiosity in the Stabroek Block. Hess Guyana Exploration Ltd. retains 30 percent interest and CNOOC Petroleum Guyana Confined holds 25 % desire.
