Exxon Mobil Reports Results from Two Additional Stabroek Block Reservoirs
Drilling Activity Details
Drilling Activity Summary
Description
Exxon Mobil announced two additional reservoirs in the Stabroek Block in offshore Guyana. The additional reservoirs are adjacent to and southeast of the Yellowtail Field discovery well. According to partner Hess Corp., these are the 17th and 18th oil discoveries on the Block. The new findings increase the recoverable resource base to more than 8 Bboe. The most recent well, #2-Yellowtail, was drilled about 1 mile southeast of #1-Yellowtail to appraise its size, and it found the two new discoveries adjacent to the discovery reservoir and below it. Drilling operations were recently suspended due to the COVID-19 pandemic, but operations are continuing at exploration well #1-Redtail, which is northwest of #1-Yellowtail. The reported net production from the Liza Field averaged 22,000 bbl of oil per day in the second quarter of 2020, but that the field would hit 120,000 bbl oil per day in the third quarter after the commissioning of water injection equipment and bringing gas injection fully online. Exxon Mobil is based in Irving, Texas.
Exxon Mobil announced two additional reservoirs in the Stabroek Block in offshore Guyana. The additional reservoirs are adjacent to and southeast of the Yellowtail Field discovery well. According to partner Hess Corp., these are the 17th and 18th oil discoveries on the Block. The new findings increase the recoverable resource base to more than 8 Bboe. The most recent well, #2-Yellowtail, was drilled about 1 mile southeast of #1-Yellowtail to appraise its size, and it found the two new discoveries adjacent to the discovery reservoir and below it. Drilling operations were recently suspended due to the COVID-19 pandemic, but operations are continuing at exploration well #1-Redtail, which is northwest of #1-Yellowtail. The reported net production from the Liza Field averaged 22,000 bbl of oil per day in the second quarter of 2020, but that the field would hit 120,000 bbl oil per day in the third quarter after the commissioning of water injection equipment and bringing gas injection fully online. Exxon Mobil is based in Irving, Texas.