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ExxonMobil made 20th discovery in the Stabroek Block offshore Guyana

Discovery will add to previous recoverable resource estimate of approximately 9 billion oil equivalent barrels

ExxonMobil made 20th discovery in the Stabroek Block offshore Guyana

Irving (Texas), September 9 - Neftegaz.RU. ExxonMobil has made another significant discovery at the Pinktail well in the Stabroek Block offshore Guyana.

The Pinktail well encountered 67 m of net pay in high-quality hydrocarbon-bearing sandstone reservoirs.
In addition to the successful appraisal of the Turbot discovery, the Turbot-2 well encountered 13 m of net pay in a newly identified, high-quality hydrocarbon-bearing sandstone reservoir separate from the 23 m of high quality, oil-bearing sandstone reservoir pay encountered in the original Turbot-1 discovery well.

Mike Cousins, senior VP of exploration & new ventures at ExxonMobil, commented:
  • These discoveries are part of an extensive well program in the Stabroek Block utilizing 6 drillships to test play extensions and new concepts, evaluate existing discoveries and complete development wells for the Liza Phase 2 and Payara projects
  • Our exploration successes continue to increase the discovered resource and will generate value for both the Guyanese people and our shareholders
Separately, the Liza Unity FPSO vessel set sail from Singapore to Guyana in early September.
The FPSO will be utilized for the Liza Phase 2 development and is expected to begin production in early 2022, with a capacity to produce approximately 220,000 barrels of oil per day.

ExxonMobil anticipates at least 6 projects online by 2027 and sees potential for up to 10 projects to develop its current discovered recoverable resource base.
The Liza Destiny FPSO vessel is currently producing approximately 120,000 barrels of oil per day.

The Stabroek Block is 26,800
ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block.
Hess Guyana Exploration holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

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