ExxonMobil and its Stabroek Block partners, Hess and CNOOC, closed 2022 with a record-breaking series of oil finds. It was described as “the best exploration year in Guyana so far,” with nine discoveries in Stabroek.
The year opened in January with two major hits. Lau Lau-1 encountered “approximately 315 feet of high-quality hydrocarbon-bearing sandstone reservoirs” in 4,793 feet of water, 42 miles southeast of Liza. Fangtooth-1 delivered “approximately 164 feet of high-quality oil-bearing sandstone reservoirs” in 6,030 feet of water.
April added three more. Barreleye-1 logged “approximately 230 feet of hydrocarbon-bearing sandstone” in 3,840 feet of water. Patwa-1 found “108 feet of hydrocarbon-bearing sandstone” at 6,315 feet. Lukanani-1 encountered “115 feet of hydrocarbon-bearing sandstone” in 4,068 feet of water.
July extended the streak with Seabob and Kiru-Kiru. Seabob-1 delivered “approximately 131 feet of high-quality hydrocarbon-bearing sandstone” in 4,660 feet of water. Kiru-Kiru-1 followed with “approximately 98 feet” in 5,760 feet of water.
By October, the momentum held. Sailfin-1 encountered “approximately 312 feet of hydrocarbon-bearing sandstone” in 4,616 feet of water. Yarrow-1 added “approximately 75 feet of hydrocarbon-bearing sandstone” in 3,560 feet of water.
Three years later, the scale and pace of these 2022 results remain a defining chapter in Guyana’s offshore rise.
