ExxonMobil now has a total of 33 oil and gas discoveries in Guyana’s massive Stabroek Block with the latest made at the Seabob and Kiru-Kiru wells, according to the government of Guyana. This, according to Guyana’s Minister of Natural Resources, Vickram Bharrat will foist the country higher on the global oil and gas producer scale.
“The new discoveries will continue to ascend Guyana as an oil-producing and exporting nation with the much internationally sought after ‘medium sweet crude,’ that will enhance the government’s efforts to diversify away from oil and focus on world-class health care, infrastructure, and other social services to enhance the lives of all Guyanese,” Minister Bharrat said in a statement following Exxon’s discovery.
The Minister was keen to note that the government intends to work with both local and international partners to ensure that Guyana’s petroleum activities are carried out with the “best environmental and sustainability practices.”
Further, the statement said that the Ministry of Natural Resources will closely monitor exploration and drilling activities offshore Guyana; Exxon has already increased production at two floating production storage and offloading (FPSO) – the Liza Destiny and Liza Unity — which have exceeded their initial combined production target of 340,000 barrels of oil per day.
“The Ministry of Natural Resources and the Government of Guyana welcome the addition of two new discoveries offshore Guyana, totaling 33 discoveries within the Stabroek Block and 38 discoveries overall, which will further strengthen Guyana as a petroleum-producing economy, while at the same time be guided by good international oil field practices for effective and efficient governance,” it said.
The discoveries at the Seabob and Kiru-Kiru wells, southeast of the Liza and Payara developments now bring Exxon’s total discoveries in 2022 to seven.