Lancetfish delivers more oil, new interval in play

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The Lancetfish reservoir in Guyana’s Stabroek block has delivered more oil, Hess Corporation announced on Wednesday in its earnings statement. 

Hess said the Lancetfish-2 appraisal well encountered approximately 125 feet of net oil pay in appraisal reservoirs and approximately 65 feet of net oil pay in a new discovery interval. 

Chevron’s deep pockets could see more “adventurous drilling” in Stabroek Block – Deakin | OilNOW

The well was drilled in 5,649 feet of water and is located approximately four miles southeast of the initial Lancetfish-1 discovery. Lancetfish-1 encountered approximately 92 feet of oil-bearing sandstone reservoir.

This new discovery continues to sweeten the pot for Chevron which recently acquired Hess and will soon assume control of its Guyana operations. 

Hess has a 30% stake in the Stabroek block where ExxonMobil is the operator with 45% interest. CNOOC holds a 25% stake in the acreage.

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