The ExxonMobil company today announced that it has made another oil discovery.
The latest discovery is at Longtail-3 in the Stabroek Block offshore Guyana.
Exxon said drilling at Longtail-3 “encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It was drilled in more than 6,100 feet (1860 meters) of water by the Stena DrillMAX.”
Senior Vice President of Exploration at ExxonMobil, Mike Cousins said “Longtail-3, combined with our recent discovery at Uaru-2, has the potential to increase our resource estimate within the Stabroek block, demonstrating further growth of this world-class resource and our high-potential development opportunities offshore Guyana”
He also noted that the company will continue to leverage its competitive advantages in the ongoing exploration campaign to deliver substantial value to the Guyanese people, its partners and shareholders.
ExxonMobil has also announced that it has deployed two additional drillships in the first quarter of 2021; the Stena DrillMAX and the Noble Sam Croft to enable further exploration and evaluation, while continuing development drilling activities offshore Guyana.
“As the company advances its 15-well campaign in the Stabroek block, DrillMAX will move to Whiptail-1, while the Noble Sam Croft supports development drilling for Liza Phase 2”, the statement said.
In other drilling activity in the Stabroek Block, the Mako-2 evaluation well confirmed the quality, thickness and areal extent of the reservoir.
Exxon said when integrated with the previously announced discovery at Uaru-2, the data supports a potential fifth floating production storage and offloading vessel in the area east of the Liza complex.