Mobil Corporation (NYSE:XOM) today announced it made a fifth new oil
discovery after drilling the Turbot-1 well offshore Guyana.
Turbot is ExxonMobil’s latest discovery to date in the country, adding
to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following
completion of the Turbot-1 well, the Stena Carron drillship will move to
the Ranger prospect. An additional well on the Turbot discovery is being
planned for 2018.
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began
drilling the Turbot-1 well on Aug. 14, 2017 and encountered a reservoir
of 75 feet (23 meters) of high-quality, oil-bearing sandstone in the
primary objective. The well was safely drilled to 18,445 feet (5,622
meters) in 5,912 feet (1,802 meters) of water on Sept. 29, 2017. The
Turbot-1 well is located in the southeastern portion of the Stabroek
Block, approximately 30 miles (50 kilometers) to the southeast of the
Liza phase one project.
“The results from this latest well further illustrate the tremendous
potential we see from our exploration activities offshore Guyana,” said
Steve Greenlee, president of ExxonMobil Exploration Company.
“ExxonMobil, along with its partners, will continue to further evaluate
opportunities on the Stabroek Block.”
The Stabroek Block is 6.6 million acres (26,800 square kilometers). 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 Nexen Petroleum Guyana Limited holds
25 percent interest.
ExxonMobil, the largest publicly traded international oil and gas
company, uses technology and innovation to help meet the world’s growing
energy needs. ExxonMobil holds an industry-leading inventory of
resources, is the largest refiner and marketer 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 and schedules 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; reservoir performance; the outcome of future exploration
and development efforts; technical or operating factors; the outcome of
future commercial negotiations; and other factors.
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