ExxonMobil made an oil discovery offshore Guyana on the Mako-1 nicely southeast of the Liza area, marking the 15th discovery on the Stabroek Block. The discovery provides to the beforehand introduced estimated recoverable useful resource of greater than 6 billion oil-equivalent barrels on the Stabroek Block.
Mako-1 encountered roughly 164 toes (50 meters) of a high-quality oil bearing sandstone reservoir. Mako-1, drilled in 5,315 toes (1,620 meters) of water, is situated roughly six miles (10 kilometers) southeast of the Liza area, which started producing oil in December 2019.
The nicely was drilled by the Noble Don Taylor, the fourth drillship to function offshore Guyana for ExxonMobil.
“New discoveries on this world-class basin have the potential to help further developments,” mentioned Mike Cousins, senior vp of exploration and new ventures at ExxonMobil. “Our proprietary full-wave seismic inversion know-how continues to assist us higher outline our found useful resource and transfer quickly to the event part.”
The Liza Phase 1 growth achieved first oil on Dec. 20, 2019 and can produce as much as 120,000 barrels of oil per day using the Liza Destiny floating manufacturing storage and offloading vessel (FPSO).
The Liza Unity FPSO, which will probably be employed for the second part of Liza growth and can have a manufacturing capability of 220,000 barrels of oil per day, is below development and anticipated to start out manufacturing by mid-2022.
Pending authorities approvals and mission sanctioning of a 3rd growth, manufacturing from the Payara area north of the Liza discoveries may begin as early as 2023, reaching an estimated 220,000 barrels of oil per day.
Drilling actions in Guyana proceed with 4 drillships to additional discover and appraise new assets in addition to develop the assets inside authorised tasks.
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/Cornelis Bustraan)

The publish MAKO-1 – EXXONMOBIL’S 15th DISCOVERY ON THE STABROEK BLOCK appeared first on Energy Global News.

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