The ExxonMobil company today announced two additional discoveries of oil offshore Guyana at the Tilapia-1 and Haimara-1 wells.
The discoveries bring the total number of discoveries on the Stabroek Block to 12.
According to the company, the discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block.
“Tilapia-1 is the fourth discovery in the Turbot area that includes Turbot, Longtail and Pluma discoveries. Tilapia-1 encountered approximately 305 feet (93 meters) of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786 feet (5,726 meters) in 5,850 feet (1,783 meters) of water. The well is located approximately 3.4 miles (5.5 kilometers) west of the Longtail-1 well.”
The other discovery was at the Haimara-1 well, which encountered approximately 207 feet (63 meters) of high-quality, gas-condensate sandstone reservoir. The well was drilled to a depth of 18,289 feet (5,575 meters) in 4,590 feet (1,399 meters) of water. It is located approximately 19 miles (31 kilometers) east of the Pluma-1 discovery and is a potential new area for development.
Director of Energy, Dr. Mark Bynoe in a statement said “this continues to be positive news for the people of the Co-operative Republic of Guyana, but the real substance of these finds will come when all Guyanese are able to benefit from these discoveries, whether directly and/or indirectly,” he said.
In December, Dr. Bynoe announced that ExxonMobil made its 10th discovery offshore Guyana at the Pluma-1 well. That discovery had increased the estimated recoverable resource for the Stabroek Block to more than five billion oil-equivalent barrels.