ExxonMobil announces fifth discovery offshore Guyana
ExxonMobil has announced that it has made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.
Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018.
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd began drilling the Turbot-1 well on the 14th August and encountered a reservoir of 75 feet of high-quality, oil-bearing sandstone in the primary objective.
The well was safely drilled to 18,445 feet in 5,912 feet of water on the 29th September. The Turbot-1 well is located in the south-eastern portion of the Stabroek Block, approximately 30 miles to the south-east of the Liza phase one project.
“The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” said Steve Greenlee, president of ExxonMobil Exploration Company. “ExxonMobil, along with its partners, will continue to further evaluate opportunities on the Stabroek Block.”
The Stabroek Block is 6.6 million acres.
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.