US oil major ExxonMobil is set to acquire more data for analysis from the Liza 5 appraisal well in order to broaden its knowledge of the greater Liza resource offshore Guyana.
“The Stena Carron is currently drilling Liza 5 appraisal well which will help to delineate the greater Liza resource. A well test is planned at Liza 5 and will begin shortly,” Exxon Mobil Corporation’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury, told investors on April 27 during a conference call to announce the company’s Q1 2018 earnings.
After the completion of the test, Mr. Woodbury said the rig will return to the Turbot area to drill a delineation well named Long Tail which is located approximately four miles northwest of the Turbot-1 discovery.
“As previously indicated, we mobilized the second rig to the basin which drove the exploration well Sorubim in advance of the start of development drilling for Liza Phase I,” he stated.
Sorubim well was drilled to total depth at the end of April but failed to encounter commercial quantities of hydrocarbons. “We have additional exploration drilling planned later this year as we continue to explore the full potential of the Stabroek block,” the VP told investors.
ExxonMobil Guyana, as operator, in partnership with Hess and CNOOC Nexen, has discovered more than 3.2 billion barrels of recoverable oil in the 6.6 million acres Stabroek Block. First oil from the giant Liza field is expected by 2020 and multiple developments will see production in the South American country increasing to 500,000 bpd by 2025.
