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ExxonMobil announces discovery offshore Guyana

ExxonMobil has made a discovery at Pinktail, in the Stabroek block offshore Guyana. The find will add to the previous recoverable resource estimate of approximately 9bn boe.

The discovery is part of an extensive well programme in the block, utilising six drillships to test play extensions and new concepts, evaluate existing discoveries and complete development wells for the Liza Phase 2 and Payara projects.

Separately, the
Liza Unity floating production storage and offloading (FPSO) vessel set sail from Singapore to Guyana in early September. The FPSO will be utilised for the Liza Phase 2 development and is expected to begin production in early 2022, with a capacity to produce approximately 220,000 b/d of oil. ExxonMobil anticipates at least six projects online by 2027 and sees potential for up to 10 projects to develop its current discovered recoverable resource base. The Liza Destiny FPSO vessel is currently producing approximately 120,000 b/d of oil.

The Pinktail discovery is located approximately 35 km south-east of the Liza Phase 1 project, which began production in December 2019.

ExxonMobil is operator of the Stabroek block, holding a 45% stake, in partnership with Hess (30%) and CNOOC (25%).

News Item details

Journal title: Petroleum Review

Countries: Guyana -

Organisation: ExxonMobil Corporation

Subjects: Oil and gas, Exploration and production, FPSO,

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