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ExxonMobil makes new discovery offshore Guyana at Tripletail

16/09/2019
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ExxonMobil today announced that it has made a new oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.

Tripletail-1 encountered approximately 108 feet (33 metres) of a high-quality oil-bearing sandstone reservoir. The Tripletail-1 well, drilled in 6,572 feet (2,003 metres) of water, is located approximately 3 miles (5 kilometres) northeast of the Longtail discovery. After completion of operations at Tripletail, the Noble Tom Madden drillship will next drill the Uara-1 well, located approximately 6 miles (10 kilometres) east of the Liza field.
ExxonMobil makes new discovery offshore Guyana at Tripletrail
(Image via Hess).

Commenting on the discovery, Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil, said:

“This discovery helps to further inform the development of the Turbot area. Together with our partners, ExxonMobil is deploying industry-leading capabilities to identify projects that can be developed efficiently and in a cost-effective way.”

John Hess, CEO of Hess which owns a 30 percent interest in the Stabroek Block, said:

“Tripletail is the 14th discovery on the Stabroek Block and further underpins the Turbot area as a major development hub. This discovery adds to the previously announced gross discovered recoverable resource estimate of more than 6 billion barrels of oil equivalent on the Stabroek Block, with multimillion barrels of future exploration potential remaining.”

Exploration and development activities are moving forward elsewhere on the Stabroek Block offshore Guyana. The Stena Carron drillship is currently drilling the Ranger-2 well and upon completion will conduct a well test at Yellowtail-1. The Noble Bob Douglas drillship is currently completing development drilling operations for the Liza Phase 1 project. ExxonMobil will add a fourth drillship, the Noble Don Taylor, in October 2019 as the company continues to optimise its drilling plans based on well results and ongoing study of the basin.

The Liza Phase 1 development remains on schedule to start up by early 2020 and will produce up to 120,000 barrels of oil per day utilising the Liza Destiny floating production storage and offloading (FPSO), which arrived in Guyana on 29th August 2019.

ExxonMobil approved funding for the Liza Phase 2 development after it received government and regulatory approvals in May 2019. Expected to startup by mid-2022, the project plans to use the Liza Unity FPSO to produce up to 220,000 barrels of oil per day. Pending government approvals, a third development, Payara could startup as early as 2023 and production would reach an estimated 220,000 barrels of oil per day.

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ExxonMobil makes new discovery offshore Guyana at Tripletail - Time to read 3 min
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