Stena DrillMax targeting Basher-1 in new Exxon campaign off Guyana coast

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OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

ExxonMobil has begun targeting the Basher-1 well in the Stabroek block, the company confirmed to OilNOW. 

According to details provided by the Maritime Administration Department (MARAD), ExxonMobil has commenced drilling the Basher-1 well using the Stena DrillMax.

Basher-1 represents one of the two exploratory wells planned by Exxon in proximity to the Fangtooth-1 discovery. This move is intended to comprehensively evaluate the potential of this region. 

The first well in this series, Lancetfish-2, yielded promising results, uncovering approximately 125 feet of net oil pay in appraisal reservoirs and an additional 65 feet of net oil pay in a newly discovered interval.

Exxon’s recurrent focus on the Fangtooth area signifies the encouraging nature of the results obtained from previous explorations. 

In previous expeditions, Exxon had unveiled significant discoveries, including the identification of roughly 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs in 2022. 

Furthermore, this year marked yet another milestone with the discovery of 200 feet of oil-bearing sandstone reservoir at the Fangtooth SE-1 well, positioned approximately eight miles southeast of Fangtooth-1. 

Notably, Fangtooth has been earmarked as the next likely developmental focus within the Stabroek block.

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