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ExxonMobil announces discovery offshore Guyana

ExxonMobil has made an oil discovery at the Uaru-2 well in the Stabroek block offshore Guyana, adding to the 9bn boe of previously announced gross discovered recoverable resources.

In March 2021, ExxonMobil secured a sixth drillship, the
Noble Sam Croft, for exploration and evaluation drilling activities offshore Guyana. A fourth project, Yellowtail, has been identified within the block, with anticipated start-up in late 2025 pending government approvals and project sanctioning. This project will develop the Yellowtail and Redtail fields, which are located about 30 km south-east of the Liza developments.

ExxonMobil anticipates at least six projects online by 2027 and sees potential for up to 10 FPSOs (floating production, storage and offloading vessels) to develop its current recoverable resource balance.

The start-up of Liza Phase 2 remains on target for 2022, as the
Liza Unity FPSO prepares for sail-away from Singapore to Guyana later this year. The Unity FPSO has a production capacity of 220,000 b/d of oil at peak rates. The hull for the Prosperity FPSO vessel, the third project at the Payara field, is complete, and topsides construction activities have commenced in Singapore with a start-up target of 2024.

ExxonMobil holds a 45% interest in the Stabroek block, and is the operator, partnered by. Hess (30%) and CNOOC (25%).

 

News Item details


Journal title: Petroleum Review

Countries: Guyana -

Organisation: ExxonMobil Corporation

Subjects: Oil and gas, Exploration and production, Petroleum reserves

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