ExxonMobil Announces Oil Discovery Offshore Guyana at Tripletail
September 16 2019 - 8:00AM
Business Wire
- Tripletail-1 well is located in Turbot area on the
Stabroek Block
- Fourth drillship to begin Guyana operations in October
ExxonMobil said today it made an 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 meters) of a
high-quality oil bearing sandstone reservoir. Tripletail-1, drilled
in 6,572 feet (2,003 meters) of water, is located approximately 3
miles (5 kilometers) northeast of the Longtail discovery. After
completion of operations at Tripletail, the Noble Tom Madden
drillship will next drill the Uaru-1 well, located approximately 6
miles (10 kilometers) east of the Liza field.
“This discovery helps to further inform the development of the
Turbot area,” said Mike Cousins, senior vice president of
exploration and new ventures at ExxonMobil. “Together with our
partners, ExxonMobil is deploying industry-leading capabilities to
identify projects that can be developed efficiently and in a
cost-effective way.”
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 we
continue to optimize our 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
utilizing the Liza Destiny floating production storage and
offloading (FPSO), which arrived in Guyana on August 29, 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 startup could be
as early as 2023 and production would reach an estimated 220,000
barrels of oil per day.
The Stabroek Block is 6.6 million acres (26,800 square
kilometers). ExxonMobil affiliate Esso Exploration and Production
Guyana Limited is operator and holds 45 percent interest in the
Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent
interest and CNOOC Petroleum Guyana Limited, a wholly-owned
subsidiary of CNOOC Limited, holds 25 percent interest.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans,
schedules, capacities, production rates, and resource recoveries
could differ materially due to changes in market conditions
affecting the oil and gas industry or long-term oil and gas price
levels; political or regulatory developments including obtaining
necessary regulatory permits; reservoir performance; the outcome of
future exploration and development efforts; technical or operating
factors; the outcome of commercial negotiations; and other factors
cited under the caption “Factors Affecting Future Results” on the
Investors page of our website at exxonmobil.com. References to
“recoverable resource,” “oil-equivalent barrels,” and similar terms
in this release include quantities that are not yet classified as
proved reserves under SEC rules but that are expected to be
ultimately recoverable.
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