Guyana: Offshore Drilling Exxon Mobil Announces Further Oil Discovery Offshore Guyana

Editor: Alexander Stark

Exxon Mobil announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. Pacora will be developed in conjunction with the giant Payara field, and along with other phases, will bring Guyana production to more than 500,000 barrels per day.

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President of the Exxon Mobil exploration Company, Steve Greenlee, said that the seventh oil discovery Offshore Guyana, along with other phases, will help bring Guyana production to more than 500,000 barrels per day. (sample image)
President of the Exxon Mobil exploration Company, Steve Greenlee, said that the seventh oil discovery Offshore Guyana, along with other phases, will help bring Guyana production to more than 500,000 barrels per day. (sample image)
(Source: Exxon Mobil)

Irving/USA — The oil company encountered approximately 20 m of high-quality, oil-bearing sandstone reservoir. The well was drilled to 5,597 m depth in 2,067 m of water. Drilling commenced on January 29, 2018.

The Pacora-1 well is located approximately 6.4 km west of the Payara-1 well, and follows previous discoveries on the Stabroek Block at Liza, Payara, Liza Deep, Snoek, Turbot and Ranger.

Following completion of the Pacora-1 well, the Stena Carron drillship will move to the Liza field to drill the Liza-5 well and complete a well test, which will be used to assess concepts for the Payara development. The company announced project sanctioning for the Liza phase one development in June 2017. Following Liza-5, the Stena Carron will conduct additional exploration and appraisal drilling on the block.

The Stabroek Block is 26,800 km2. Esso Exploration and Production Guyana Limited is operator and holds 45 % interest in the Stabroek Block. Hess Guyana Exploration holds 30 % interest and CNOOC Nexen Petroleum Guyana Limited holds 25 %.

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