Results from Redtail-1 drill campaign expected this month – Neil Chapman

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Results from the Redtail-1 prospect located some 103 nautical miles off the coast of Guyana at the Stabroek block is expected this month, according to ExxonMobil Senior Vice President, Neil Chapman.

The drillship Noble Don Taylor moved to the Redtail-1 well site in July as the US oil major continued its search for more hydrocarbons offshore the South American country.

“We’re now on a prospect called Redtail. I would anticipate we’ll get some initial results in August on Redtail,” Chapman told investors on the company’s Q2 earnings call last week.

The official also disclosed plans to spud a well on the neighbouring 3.3 million acres Kaieteur block and two other prospects later this year at the Canje block. Most of the discoveries offshore Guyana to date have been made in the slope environment. Canje will be the first block offshore to test prospects on the basin floor – which have the potential to contain larger accumulations of recoverable hydrocarbons.

Last week ExxonMobil announced that appraisal drilling at Yellowtail-2 identified two additional high quality hydrocarbon-bearing reservoirs, one adjacent to, and the other below the Yellowtail field.

Since 2015, the company has made 16 discoveries at the Stabroek block amounting to more than 8 billion barrels of oil equivalent resources.

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