Friday, May 20, 2022

Exxon looking to hit pay at Patwa-1

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OilNOW
OilNOW is an online-based Information and Resource Centre

Patwa-1 is the latest prospect to be targeted by ExxonMobil at the Stabroek Block offshore Guyana where over 10 billion barrels of oil equivalent resources have already been found.

OilNOW understands the Noble Sam Croft will be engaged in drilling activities at the well which is situated approximately 113.4 nautical miles (210 kilometers) offshore covering an area of 0.29 square nautical miles (1 square kilometer).

Exploration activities have also been ongoing at Barreleye-1 situated approximately 90.87 nautical miles (167.98 kilometers) offshore at the Stabroek Block, covering an area of 0.29 square nautical miles.

Earlier this month, the oil major announced discoveries at Fangtooth-1 and Lau Lau-1.

The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field.

The Stabroek block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

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