Sunday, September 24, 2023

Fangtooth appraisal program in high gear offshore Guyana

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ExxonMobil is moving to appraise the two discoveries it made earlier this year, Lancetfish-1 and Fangtooth SE-1. Guyana’s Maritime Administration Department announced the drilling activities in notices.

The Stena Carron drillship will be utilised to drill Fangtooth SE-1 starting in August, with operations going up to late October. As for Lancetfish-2, the Stena Drillmax will undertake that campaign in August. 

Exxon had first announced a discovery of 200 feet of oil-bearing sandstone reservoirs at Fangtooth SE-1 in January, an extension of the Fangtooth-1 discovery of 2022. Fangtooth may very well be the seventh Stabroek Block development, after Whiptail

Map shows location of Fangtooth SE-1 well offshore Guyana

Lancetfish, where a discovery was announced in April, is in close proximity to Fangtooth, and could also be a Fangtooth project tieback.

Map shows location of Lancetfish-2 well offshore Guyana

The two discoveries already made this year were estimated to hold 600 million barrels of oil equivalent by Rystad Energy.

More than 11 billion oil-equivalent barrels have already been discovered at the Stabroek Block.

ExxonMobil is the operator of the Stabroek Block, with a 45% stake. Hess (30%) and CNOOC (25%) are its partners. 

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