Exxon Mobil, Hess Accelerate Stabroek Development with Two New Discoveries

Partners Exxon Mobil and Hess reported two new discoveries offshore Guyana at the Seabob-1 and Kiru-Kiru-1 wells, adding to the discovered recoverable resource estimate for the prolific Stabroek Block.

Exxon Mobil, Hess Accelerate Stabroek Development with Two New Discoveries

Including the latest discoveries, Seabob and Kiru-Kiru, partners Exxon Mobil, Hess and CNOOC have made 28 major discoveries in the Stabroek Block offshore Guyana to date. Pictured is the Stena Carron drillship, which was used to drill the Seabob-1 well located southeast of the Yellowtail Field. (Source: Stena Drilling Ltd.)

Exxon Mobil Corp. and partner Hess Corp. reported two new discoveries offshore Guyana in the Stabroek Block on July 26, representing the sixth and seventh by the partnership this year.

Including the latest discoveries, Seabob and Kiru-Kiru, partners Exxon Mobil (operator, 45% working interest), Hess (30% working interest) and CNOOC (25% working interest) have made 28 major discoveries in the Stabroek Block offshore Guyana to date. The block has an estimated 11 billion equivalent oil barrels of gross recoverable resources and growing. 

Resources found in the prolific Stabroek Block will support at least six FPSO units by 2027 with a gross combined production capacity of over 1 million bbl/day. There is potential for up to 10 FPSOs to develop the gross discovered recoverable resources, and “multibillion barrels of future exploration potential” remains, Hess CEO John Hess added in a press statement on July 26.

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