ExxonMobil has made its 18th discovery offshore Guyana on the Redtail-1 nicely which is able to add to the beforehand introduced estimated recoverable useful resource of greater than eight billion oil-equivalent barrels on the Stabroek Block.
“Our Stabroek Block exploration program continues to establish high-quality reservoirs in shut proximity to earlier discoveries, establishing environment friendly alternatives for brand new initiatives in Guyana,” stated Mike Cousins, senior vice chairman of exploration and new ventures at ExxonMobil. “Developing these initiatives stays an integral a part of ExxonMobil and our co-venturers’ long-term development plans and a supply of serious worth for Guyana.”
Drilled utilizing the ultra-deepwater drillship Noble Don Taylor, Redtail-1 encountered roughly 232 ft (70 meters) of high-quality oil bearing sandstone and was drilled in 6,164 ft (1,878 meters) of water. The nicely is positioned roughly 1.5 miles (2.5 kilometers) northwest of the Yellowtail discovery.
In addition to the Redtail-1 discovery, drilling at Yellowtail-2 encountered 69 ft (21 meters) of web pay in newly recognized, prime quality oil bearing reservoirs among the many unique Yellowtail-1 discovery intervals. This useful resource is presently being evaluated for improvement along side close by discoveries.
ExxonMobil made the primary industrial discovery in Guyana in 2015 and began manufacturing in December 2019 from the Liza Destiny FPSO, which might produce as much as 120,000 barrels per day.
ExxonMobil continues to advance the Liza Phase 2 challenge, which is anticipated to startup in 2022 and produce as much as 220,000 barrels per day. Construction actions are underway in Singapore on the Liza Unity FPSO. A 3rd manufacturing vessel for the Payara improvement, with manufacturing capability of 220,000 barrels a day, is on maintain pending authorities approval.
The Stabroek Block is 6.6 million acres (26,800 sq. kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 p.c curiosity within the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 p.c curiosity and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 p.c curiosity.
(Source: ExxonMobil – Image Noble Don Taylor)

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