Guyana Discovery Hits 120 ft of High Quality Pay at Uaru Prospect
Drilling Activity Details
Drilling Activity Summary
Description
Exxon Mobil announced an offshore Guyana oil discovery at #2-Uaru in the Stabroek Block, offshore Guyana. The well encountered approximately 120 ft high quality, oil bearing reservoirs including newly identified intervals below the original #1-Urau discovery, which is about 7 miles to the south of #2-Urau. Area water depth at #2-Urau is 6,342 ft. According to the Irving, Texas-based company, the discovery will add to the previously announced gross recoverable resource estimate of 9 Bbbl of oil equivalent. The #1-Urau hit approximately 94 ft of a high-quality, oil-bearing sandstone reservoir. Exxon Mobil secured a sixth drillship for exploration and evaluation drilling activities for the area. A fourth project, Yellowtail, has been identified within the block with anticipated start up in late 2025 pending government approvals and project sanctioning. This project will develop the Yellowtail and Redtail fields, which are located about 19 miles southeast of the Liza developments. Project partners include Hess Corp. (30%) and China National Offshore Oil Co. (25%).
Exxon Mobil announced an offshore Guyana oil discovery at #2-Uaru in the Stabroek Block, offshore Guyana. The well encountered approximately 120 ft high quality, oil bearing reservoirs including newly identified intervals below the original #1-Urau discovery, which is about 7 miles to the south of #2-Urau. Area water depth at #2-Urau is 6,342 ft. According to the Irving, Texas-based company, the discovery will add to the previously announced gross recoverable resource estimate of 9 Bbbl of oil equivalent. The #1-Urau hit approximately 94 ft of a high-quality, oil-bearing sandstone reservoir. Exxon Mobil secured a sixth drillship for exploration and evaluation drilling activities for the area. A fourth project, Yellowtail, has been identified within the block with anticipated start up in late 2025 pending government approvals and project sanctioning. This project will develop the Yellowtail and Redtail fields, which are located about 19 miles southeast of the Liza developments. Project partners include Hess Corp. (30%) and China National Offshore Oil Co. (25%).