Friday, September 29, 2023

Drilling operations at Stabroek Block in high gear

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OilNOW is an online-based Information and Resource Centre

Drilling activities at the Stabroek Block offshore Guyana continue in earnest with a series of exploration, appraisal and development campaigns underway.

ExxonMobil, operator of the 6.6 million acres block, is undertaking exploration drilling operations at Fangtooth-1, Lau Lau-1 and barreleye-1. The oil major is also probing Tilapia -2.

Lau Lau is situated approximately 113.3 nautical miles (210 kilometers) offshore covering an area of 0.29 square nautical miles (1 square kilometer) while Fangtooth is located 9 miles northwest of Liza-1, approximately 103.1 nautical miles (191.0 kilometers) offshore.

Exxon has also been probing Tripletail-2 located approximately 113 nautical miles off the Guyana coast.

Preparations have also been ongoing for the start of oil production at Phase 2 of the Liza Development set to get underway early this year.

Exxon will also be pursuing a 12-well exploration and appraisal drilling programme on the block in 2022.

Since 2015, the company has made over 22 discoveries at Stabroek Block amounting to over 10 billion barrels of oil equivalent resources, placing Guyana at number 17 on a list of 20 countries for the highest oil reserves in the world.

ExxonMobil Senior Vice President of Upstream, Neil Chapman, has said the billions of barrels of oil equivalent resources the company has discovered so far offshore Guyana is only the tip of the iceberg.

“It’s still early days in the programme but we continue to be very encouraged, and we estimate the resource potential of the basin to be more than double what we’ve already discovered,” he said.

The southeastern area of the Stabroek Block is where the bulk of the discoveries have so far been made. President of ExxonMobil Guyana, Alistair Routledge has told OilNOW the company also intends to target wells west of these discoveries. So far, the Ranger well is the farthest the company has drilled in the northwest section of the block and is also the deepest well ever to be drilled at Stabroek.

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