Hess suggested that companion and operator ExxonMobil made an eighth oil discovery offshore Guyana on the Longtail-1 exploration effectively, creating the potential for extra useful resource improvement within the southeast space of the Stabroek Block.
The effectively encountered roughly 256 toes (78 meters) of high-quality, oil-bearing sandstone reservoir. The effectively was safely drilled to 18,057 toes (5,504 meters) depth in 6,365 toes (1,940 meters) of water. The Stena Carron drillship started drilling on May 25, 2018.
The Longtail-1 effectively is positioned roughly 5 miles west of the Turbot-1 effectively and follows earlier world-class discoveries on the Stabroek Block at Liza, Payara, Liza Deep, Snoek, Turbot, Ranger and Pacora.
Longtail drilling outcomes are beneath analysis; nonetheless, the mixed gross recoverable assets of Turbot and Longtail are estimated to exceed 500 million barrels of oil equal.
CEO John Hess stated: “We are very happy with this eighth vital oil discovery, which reaffirms the outstanding exploration potential of the Stabroek Block.”
Following completion of the Longtail-1 effectively, the Stena Carron drillship will transfer to drill the Hammerhead-1 effectively positioned roughly 9 miles southwest of the Liza discovery. The operator plans so as to add a 3rd drillship that can function in parallel to the Stena Carron to discover the Block’s quite a few excessive worth prospects.
The Liza Phase 1 improvement offshore Guyana, sanctioned final June, continues to quickly progress. Development drilling started in May, laying the muse for manufacturing start-up in early 2020. Liza Phase 1 will include 17 wells linked to a floating manufacturing, storage and offloading (FPSO) vessel designed to provide as much as 120,000 barrels of oil per day. Construction of the FPSO and subsea gear is beneath method. (Source: Hess  Image: Stena Carron)

The publish EIGHTH OIL DISCOVERY OFFSHORE GUYANA FOR EXXONMOBIL appeared first on Energy Global News.

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