ExxonMobil has made three new discoveries offshore Guyana and elevated its estimate of the recoverable useful resource for the Stabroek Block to almost 11 billion oil-equivalent barrels. (Earlier publish.)
The three discoveries are southeast of the Liza and Payara developments and convey to 5 the discoveries made by ExxonMobil in Guyana in 2022.
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The Barreleye-1 nicely encountered roughly 230 ft (70 meters) of hydrocarbon-bearing sandstone and was drilled in 3,840 ft (1,170 meters) of water.
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Drilling at Patwa-1 encountered 108 ft (33 meters) of hydrocarbon-bearing sandstone and was carried out in 6,315 ft (1,925 meters) of water.
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The Lukanani-1 nicely encountered 115 ft (35 meters) of hydrocarbon-bearing sandstone and was drilled in a water depth of 4,068 ft (1,240 meters).
Operations are ongoing at Barreleye-1 and Lukanani-1.
These discoveries and the up to date useful resource estimate enhance the boldness we’ve in our bold exploration technique for the Stabroek Block and can assist to tell our future improvement plans for the southeast a part of the block. ExxonMobil stays dedicated to delivering worth at an accelerated tempo to the individuals of Guyana, our companions and shareholders and reliably supplying reasonably priced vitality to satisfy rising demand all over the world.
—Liam Mallon, president of ExxonMobil Upstream Firm
ExxonMobil at present has 4 sanctioned tasks offshore Guyana.
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Liza Section 1 is producing roughly 130,000 barrels per day utilizing the Liza Future floating manufacturing storage and offloading (FPSO) vessel.
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Liza Section 2, which began manufacturing in February, is steadily ramping as much as its capability of 220,000 barrels per day utilizing the Liza Unity FPSO.
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The third venture, Payara, is predicted to provide 220,000 barrels per day; building on its manufacturing vessel, the Prosperity FPSO, is operating roughly 5 months forward of schedule with start-up probably earlier than year-end 2023.
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The fourth venture, Yellowtail, is predicted to provide 250,000 barrels per day when the ONE GUYANA FPSO comes on-line in 2025.
Guyana’s Stabroek Block is 6.6 million acres (26,800 sq. kilometers). ExxonMobil affiliate Esso Exploration and Manufacturing Guyana Restricted is the operator and holds 45% curiosity within the Block. Hess Guyana Exploration Ltd. holds 30% curiosity, and CNOOC Petroleum Guyana Restricted holds 25% curiosity.
