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ExxonMobil makes a new discovery offshore Guyana

21/06/2018
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ExxonMobil has announced its eighth discovery offshore Guyana at the Longtail-1 well, located in the south east area of the Stabroek Block. ExxonMobil encountered approximately 265 feet (78 metres) of high-quality, oil bearing sandstone reservoir.

ExxonMobil is currently making plans to add a second exploration vessel offshore Guyana in addition to the Stena Carron drill ship, which drilled the Longtail-1 well. This will bring the total number of drill ships on the Stabroek Block to three. The new vessel will operate in parallel to the Stena Carron to explore the block’s numerous high-value prospects.

The Noble Bob Douglas is completing initial stages of development drilling for Liza Phase 1, for which ExxonMobil announced a funding decision in 2017. Phase 1 will consist of 17 wells connected to a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day. First oil is expected in early 2020. Phase 2 concepts are similar to Phase 1 and involve a second FPSO with production capacity of 220,000 barrels per day. A third development, Payara, is planned to follow Liza Phase 2.

Commenting on the discovery, Steve Greenlee, president of ExxonMobil Exploration Company, said:

“The Longtail discovery is in close proximity to the Turbot discovery southeast of the Liza field. Longtail drilling results are under evaluation. However, the combined estimated recoverable resources of Turbot and Longtail will exceed 500 million barrels of oil equivalent, and will contribute to the evaluation of development options in this eastern portion of the block.”

Guyanese businesses, contractors and employees continue to play an important role in ExxonMobil’s operations in the country. ExxonMobil and project partners spent $24 million with more than 300 local suppliers in 2017 and opened the Centre for Local Business Development in the capital city of Georgetown to promote the establishment and growth of small- and medium-sized local businesses. ExxonMobil’s priorities in Guyana are focused on enabling local workforce and supplier development and collaborating with government to support the growth and success of its economy, both in the energy and non-energy sectors.

Fircroft Guyana

Fircroft operates in Guyana, offering a full range of recruitment and workforce solutions. To find out more about Fircroft Guyana, explore the office page here.

Tags: Oil & Gas
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ExxonMobil makes a new discovery offshore Guyana - Time to read 2 min
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