ExxonMobil Announces Seventh Offshore Guyana Oil Discovery

Drilling Activity Details

Locations

Guyana

Operators
Post Date
Well Name
#1-Pacora
Geo Coordinate

Drilling Activity Summary

Description

ExxonMobil Corp. announced a seventh offshore oil discovery at exploration well #1-Pacora in the Stabroek Block. The exploratory venture hit approximately 65 ft of a high-quality, oil-bearing sandstone reservoir. The well was drilled to 18,363 ft in 6,781 ft of water. The latest discovery is located approximately 4 miles west of #1-Payara. After completion operations are done at #1-Pacora, the drillship will move to Liza Field to drill #5-Liza and complete testing. Additional exploration and appraisal drilling is planned on the block. Operator ExxonMobil of Houston holds 45% interest in the block. Partner Hess Corp. holds 30%, and China National Offshore Oil Corp. has 25%.