ExxonMobil has made its ninth discovery offshore Guyana on the Hammerhead-1 nicely, marking its fifth discovery on the Stabroek Block previously yr and proving a brand new play idea for potential growth.
Hammerhead-1 encountered roughly 197 toes (60 meters) of high-quality, oil-bearing sandstone reservoir. The nicely was safely drilled to 13,862 toes (four,225 meters) depth in three,773 toes (1,150 meters) of water. The Stena Carron drillship started drilling on July 27, 2018.
Hammerhead-1 is positioned roughly 13 miles (21 kilometers) southwest of the Liza-1 nicely and follows earlier discoveries on the Stabroek Block at Liza, Liza Deep, Payara, Snoek, Turbot, Ranger, Pacora and Longtail. Those earlier discoveries led to the announcement of an estimated recoverable useful resource of greater than four billion oil-equivalent barrels found to this point, and the potential for as much as 5 floating manufacturing, storage and offloading (FPSO) vessels producing greater than 750,000 barrels per day by 2025.
There is potential for extra manufacturing from vital undrilled targets and plans for speedy exploration and appraisal drilling. A second exploration vessel, the Noble Tom Madden, is because of arrive in Guyana in October to speed up exploration of excessive potential alternatives and can start drilling on the Pluma prospect roughly 17 miles (27 kilometers) from Turbot.
Liza Phase 1, which is anticipated to start producing oil by early 2020, will use the Liza Destiny FPSO vessel to supply as much as 120,000 barrels of oil per day. Phase 2 is focused for sanctioning by the tip of this yr. It will use a second FPSO designed to supply as much as 220,000 barrels per day and is anticipated to be producing in 2022. A 3rd growth, Payara, will goal sanctioning in 2019 and use an FPSO designed to supply roughly 180,000 barrels of oil per day as early as 2023.
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, is operator and holds 45 % curiosity within the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 % curiosity and CNOOC Nexen Petroleum Guyana Limited holds 25 % curiosity. (Source: ExxonMobil)
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