Oil Exploration Sixth Oil Discovery Announced by Exxon Mobil in the Offshore Guyana Region
The Ranger-1 exploration well encounters 230 feet of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to a depth of 21,161 feet.
Texas/US – Exxon Mobil Corporation has recently announced positive results from its Ranger-1 exploration well, marking the company’s 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 3.2 billion recoverable oil-equivalent barrels.
Exxon Mobil affiliate Esso Exploration and Production Guyana began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 230 feet (70 meters) of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to a depth of 21,161 feet (6,450 meters) in 8,973 feet (2,735 meters) of water.
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.
The Stabroek Block is 6.6 million acres (26,800 square km). Esso Exploration and Production Guyana is the operator and holds 45 % interest in the Stabroek Block. Hess Guyana Exploration holds 30 % interest and CNOOC Nexen Petroleum Guyana holds 25 % interest.