Field Development

Exxon Mobil Makes Two Discoveries Offshore Guyana

Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of approximately 10 billion oil-equivalent barrels, says Exxon Mobil and project partner Hess in separate releases.

Hart Energy Staff

Wed, 01/05/2022 - 08:01 AM

ExxonMobil Makes Two Discoveries Offshore Guyana

Fangtooth was drilled by the Stena DrillMAX and Lau Lau was drilled by the Noble Don Taylor, which are two of six drillships supporting exploration and development drilling across three blocks operated by Exxon Mobil offshore Guyana. (Source: Shutterstock.com; image of Noble Sam Croft drillship by Hess Corp.)

The Exxon Mobil Corp.-led consortium on Jan. 5 announced two significant discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

The Fangtooth-1 well encountered approximately 164 ft of high-quality oil-bearing sandstone reservoirs, Exxon Mobil and Hess Corp. noted in separate releases.

The well was drilled in 6,030 ft of water by the Stena DrillMAX and is located approximately 11 miles northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 ft of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 ft of water by the Noble Don Taylor and is located approximately 42 miles southeast of the Liza field.

Sign up for FREE access to view this article now!

Unlock Free Access

In this article

Chart reflects yearly performance.

Recommended Reading

Op-ed: Greedy Gas Producers? Nah

Sorry, Sen. Elizabeth Warren, but your letter to 12 natural gas CEOs accusing them of “corporate greed” doesn’t seem to have much merit.

The Permian Water Management Future: Consolidated, Efficient Systems

The market’s biggest challenges—scale and consolidation—are also its biggest necessities, according to B3 Insight’s Kelly Bennett.

DUG Midcontinent Day Two: All We Need Is Just a Little Patience

With apologies to Guns N’ Roses, the name of the game in the Midcontinent, like nearly everywhere else, is a rise in commodity prices. Until then, executives and analysts shared advice for near-term success.