The Fangtooth reservoir is shaping up nicely to become ExxonMobil’s 7th Stabroek Block development.
This fact is supported by its latest discovery – Lancetfish-1, according to Greg Hill, Chief Operations Officer (COO) at Hess Corporation. Hess holds a 30% stake in the prolific Stabroek Block.
The Lancetfish-1 well, located four miles southeast of the Fangtooth-1 discovery, encountered 92 feet of oil-bearing sandstone reservoir.
“This discovery further underpins the potential oil development in the Greater Fangtooth area,” Hill told investors at Hess’ Q1 2023 Earnings Conference on April 26. Drill stem tests and core analysis are underway at Fangtooth-1.
And according to Hill, further appraisal activities for Lancetfish and Fangtooth are planned for later in the year.
The Stabroek Block co-venturers announced plans to tap into Fangtooth back in January.
The Fangtooth-1 well encountered approximately 164 feet (50 metres) of high-quality oil-bearing sandstone reservoirs and was drilled in 6,030 feet (1,838 metres) of water. It is located approximately 11 miles (18 kilometres) northwest of the Liza field. The Fangtooth discovery created a stir, as it was the first test of the deepwater horizon of the Lower Campanian and Santonian plays.