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ExxonMobil announces sixth oil discovery offshore Guyana
ExxonMobil has made its sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2bn recoverable oil-equivalent barrels.
According to Steve Greenlee, President of ExxonMobil Exploration Company: ‘This discovery proves a new play concept for the 6.6mn acre Stabroek block, and adds further value to our growing Guyana portfolio.’
Following completion of the Ranger-1 well, the Stena Carron drillship will move to the Pacora prospect, 4 miles from the Payara discovery. Additional exploration drilling is planned on the Stabroek block for 2018, including potential appraisal drilling at the Ranger discovery.
Esso Exploration and Production Guyana is operator of the block, holding a 45% interest. Hess Guyana Exploration holds 30% and CNOOC Nexen Petroleum Guyana the remaining 25%.
News Item details
Journal title: Petroleum Review
Countries: Guyana -
Subjects: Economics, business and commerce, Crude oil, Exploration and production
