ExxonMobil’s gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a recent report from Rystad Energy.
The U.S. supermajor achieved success with the completion of its non-operated Sloanea-2 appraisal well on Block 52, offshore Suriname.
In addition, Exxon spudded two new appraisal wells—Haimara-4 and Hammerhead-4—on the highly productive Stabroek Block, offshore Guyana. Both wells are being drilled using the Stena Carron rig.
Rystad Energy emphasized that these developments signal Exxon’s continued portfolio optimization. “Exxon is focusing on commercially valuable blocks while exiting those deemed less relevant,” the report stated.
This strategy is further underscored by the company’s decision to exit Block 59, offshore Suriname, where Hess is now seeking new partners.
Beyond the Americas, Exxon is expanding its global footprint. In Egypt, the company is investing US$90 million in seismic exploration, while in Indonesia, it has partnered with the Energy Ministry for a joint study aimed at identifying potential oil and gas reserves.
