The ExxonMobil company has announced another oil discovery in Guyana.
In a statement this morning, Exxon announced that a discovery was made at Pinktail in the Stabroek Block offshore Guyana.
The Pinktail well encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon bearing sandstone reservoirs.
According to the company, in addition to the successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) of net pay in a newly identified, high quality hydrocarbon-bearing sandstone reservoir separate from the 75 feet (23 meters) of high quality, oil bearing sandstone reservoir pay encountered in the original Turbot-1 discovery well.
“This follows the additional pay in deeper reservoirs encountered at the previously announced Whiptail discovery. These results will be incorporated into future developments”, Exxon said.
According to ExxonMobil’s Senior Vice President of Exploration and new Ventures, “these discoveries are part of an extensive well program in the Stabroek Block utilizing six drillships to test play extensions and new concepts, evaluate existing discoveries and complete development wells for the Liza Phase 2 and Payara projects”.
He said the exploration successes continue to increase the discovered resource and will generate value for both the Guyanese people and our shareholders.”
Meanwhile, Exxon has also announced that the Liza Unity floating production storage and offloading (FPSO) vessel has set sail from Singapore to Guyana. The new 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 six 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.