Tuesday, September 27, 2022

Exxon makes two more Guyana discoveries in incredible 2022 drill campaign

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OilNOW
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Stabroek Block operator ExxonMobil and its partners have made a double discovery – now a total of seven discoveries for the year 2022.

The discoveries were made at the Seabob and Kiru-Kiru wells, southeast of the Liza and Payara developments.

The Seabob-1 well encountered approximately 131 feet (40 meters) of high-quality hydrocarbon-bearing sandstone and was drilled in 4,660 feet (1,421 meters) of water by the Stena Carron drill ship. The Kiru-Kiru-1 well encountered approximately 98 feet (30 meters) of high-quality hydrocarbon-bearing sandstone and was drilled by the Stena DrillMAX in 5,760 feet (1,756 meters) of water. Drilling operations at Kiru-Kiru are ongoing.

Exxon is 5 for 5 offshore Guyana with success rate now exceeding 90% | OilNOW

“ExxonMobil and its partners continue to accelerate exploration, development and production activities for the benefit of all stakeholders, including the people of Guyana,” said Liam Mallon, President of ExxonMobil Upstream Company. “The resources we are investing in and discovering offshore Guyana will provide safe, secure energy for global markets for decades to come.”

ExxonMobil to drill over 60 exploration wells offshore Guyana in six years | OilNOW

ExxonMobil currently has four sanctioned projects offshore Guyana. Liza Phase 1 is producing approximately 140,000 barrels per day using the Liza Destiny floating production storage and offloading (FPSO) vessel. Liza Phase 2, which started production in February, is steadily ramping up to its capacity of 220,000 barrels per day using the Liza Unity FPSO.

The third project, Payara, is expected to produce 220,000 barrels per day; construction on its production vessel, the Prosperity FPSO, is running approximately five months ahead of schedule with start-up likely before year-end 2023. The fourth project, Yellowtail, is expected to produce 250,000 barrels per day when the ONE GUYANA FPSO comes online in 2025.

Yarrow-1 is Exxon’s next target offshore Guyana | OilNOW

Guyana’s Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45% interest in the Block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

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