ExxonMobil makes further oil discovery offshore Guyana

Exxon Mobil Corp. has confirmed a new deepwater oil discovery on the Stabroek block offshore Guyana.

Offshore staff

IRVING, TexasExxon Mobil Corp. has confirmed a new deepwater oil discovery on the Stabroek block offshore Guyana.

The Snoek well, drilled by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., encountered 82 ft (25 m) of high-quality, oil-bearing sandstone reservoirs. Drilling targeted similar aged reservoirs as encountered in previous discoveries atLiza and Payara.

The drillshipStena Carrondrilled the discovery well to 16,978 ft (5,175 m) in 5,128 ft (1,563 m) of water. The Snoek well is located about 5 mi (9 km) to the southeast of the 2015 Liza-1 discovery. The Stabroek block is 6.6 million acres (26,800 sq km).

Esso Exploration and Production Guyana Ltd. is operator and holds 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Nexen Petroleum Guyana Ltd. holds 25% interest.

Following completion of the Snoek well, theStena Carron has moved back to the Liza area to drill the Liza-4 well.

Steve Greenlee, president of ExxonMobil Exploration Co., said: “The latest discovery at Snoek demonstrates the continued success we have achieved in this technically complex play, which is just part of the significantexploration province offshore Guyana.”

03/30/2017

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