US super-major ExxonMobil will move to drill a second well on the Turbot discovery next year which will help to determine the volume of oil contained in the reservoir.
“We are planning to do an additional well on the Turbot discovery in 2018 similar to what we did with Liza-1, then we went back with Liza-2 and Liza-3 which all helped to further define the size,” ExxonMobil’s Senior Director, Public and Government Affairs, Kimberly Brasington, told OilNOW on Thursday.
While preliminary data provided by ExxonMobil indicates that the oil find at the Turbot-1 well is not as large as the Liza field, this additional discovery, which now brings the total to five since 2015, continues to make future development projects even more feasible.
Already, OilNOW has reported that ExxonMobil and its partners could be looking to embark on a Liza Phase 2 development as early as 2023. Preliminary work for the Liza Phase 1 development project is already underway with first oil set for 2020.
The gross recoverable resources for the Stabroek block stood at 2.25 to 2.75 billion oil-equivalent barrels before the Turbot discovery. This estimate included Liza, Liza Deep, Payara and Snoek.
From all indications, Turbo could push recoverable resources in the Stabroek block past the 3 billion oil-equivalent-barrel mark.
The Turbot-1 well is located in the southeastern portion of the Stabroek Block, approximately 30 miles (50 kilometers) to the southeast of the Liza phase one project.
Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.