13th Discoveries In Guyana

13th Discoveries In Guyana

oilBusiness is getting and better for ExxonMobil of the coast of Guyana. The Yellowtail-1 well in Stabroek block has revealed its secrets, bringing to 13 the number of discovering on that block. Adding an estimated 5.5 billion boe recoverable.

Yellowtail-1 is the fifth discovery in the Turbot area that includes Tilapia, Turbot, Longtail, and Pluma discoveries. This area is going to become a major hub the company stated.

Yellowtail-1 encountered 292 ft of oil-bearing sandstone reservoir and was drilled to 18,445 ft in 6,046 ft of water. The well is located 6 miles northwest of the Talapia discovery made in Feb 2019.

“Similar to the Liza area, successive discoveries in the Turbot area have continuously grown its shared value,” said Mike Cousins, senior vice-president of ExxonMobil exploration and new ventures.

The drillship The Noble Tom Madden began drilling in Yellowtail-1 on Mar 27 than will drill at Hammerhead-2 well.

Exploration and development are in full bloom at other locations on the block. The Stena Carron is completing a well test at the Longtail-1 discovery and upon completion will drill to Hammerhead-3. Later on, this year the Stena Carron will drill a second well at the Ranger discover. The Noble Bob Douglas drillship is set to complete the development operations for the Liza Phase 1. The company is evaluating plans to add another exploration drillship, bringing the number of drillship to four.

They might be a consideration for a fifth floating production, storage and offloading vessels on the Stabroek block. The production is expected to be more than 750,000 b/d by 2025. The Liza Phase 1 is expected to produce as much as 120,000 b/d in early 2020 via the Liza Destiny FPSO

ExxonMobil is thriving on discovering more as their exploration continues. It is a great outcome for the country of Guyana