Exxon Mobil: New Find in Stabroek Block Hits 243 ft of Net Pay

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Exxon Mobil, based in Irving, Texas, has announced an updated estimate of recoverable resources for the offshore Guyana Stabroek Block. The updated resource estimate of 10 Bbbl including a new discovery at #1-Cataback, which encountered 243 ft of net pay in high-quality, hydrocarbon bearing sandstone reservoirs. The well is about 4 miles east of the #1-Turbot and was drilled in 5,928 ft of water. Additional testing is planned. Exxon Mobil is the operator and holds 45% interest in the Stabroek Block. Project partners include Hess Corp. (30%) and China National Offshore Oil Co. (25%).