Lancetfish delivers more oil, new interval in play

Must Read

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.


Partnered Events

Latest News

Hess facing three lawsuits over disclosures in Chevron deal

(Reuters) - Oil producer Hess (HES.N) on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over...

More Articles Like This