ExxonMobil Announces New Discovery at Longtail-3 Offshore Guyana
09 June 2021 - 10:27PM
Business Wire
- Two drillships added in first quarter 2021; six drillships now
operating offshore Guyana
- Additional drilling activity to support Stabroek
development
- More than 2,600 Guyanese supporting overall activities
ExxonMobil today said it made a discovery at Longtail-3 in the
Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered
230 feet (70 meters) of net pay, including newly identified, high
quality hydrocarbon bearing reservoirs below the original
Longtail-1 discovery intervals. The well is located approximately
two miles (3.5 kilometers) south of the Longtail-1 well. It was
drilled in more than 6,100 feet (1860 meters) of water by the Stena
DrillMAX.
“Longtail-3, combined with our recent discovery at Uaru-2, has
the potential to increase our resource estimate within the Stabroek
block, demonstrating further growth of this world-class resource
and our high-potential development opportunities offshore Guyana,”
said Mike Cousins, senior vice president of exploration and new
ventures at ExxonMobil. “We will continue to leverage our core
competitive advantages in our ongoing exploration campaign,
delivering substantial value to the Guyanese people, our partners
and shareholders.”
The Longtail-1 discovery in the Stabroek Block was drilled in
2018, encountering approximately 256 feet (78 meters) of
high-quality, oil-bearing sandstone reservoir.
ExxonMobil has deployed two additional drillships in the first
quarter of 2021; the Stena DrillMAX and the Noble Sam Croft to
enable further exploration and evaluation, while continuing
development drilling activities offshore Guyana. As the company
advances its 15-well campaign in the Stabroek block, DrillMAX will
move to Whiptail-1, while the Noble Sam Croft supports development
drilling for Liza Phase 2.
In other drilling activity in the Stabroek Block, the Mako-2
evaluation well confirmed the quality, thickness and areal extent
of the reservoir. When integrated with the previously announced
discovery at Uaru-2, the data supports a potential fifth floating
production storage and offloading vessel in the area east of the
Liza complex. The Koebi-1 exploration well in the Stabroek block
has shown evidence of non-commercial hydrocarbons.
By the first quarter of this year more than 2,600 Guyanese and
600 local suppliers were supporting ExxonMobil’s activities in
country. Guyanese staff have completed more than 40,000 hours of
training in Guyana, Trinidad and Tobago, and the United States.
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, one of the largest publicly traded international
energy companies, 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. To learn more, visit exxonmobil.com and
the Energy Factor.
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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; restrictions in trade, travel or
broader government responses to first or subsequent waves of
COVID-19; reservoir performance; the outcome of future exploration
and development efforts; technical or operating factors; the
outcome of commercial negotiations; unexpected technological
breakthroughs or challenges; and other factors cited under the
caption “Factors Affecting Future Results” on the Investors page of
our website at exxonmobil.com and under Item 1A. Risk Factors in
our annual report on Form 10-K.
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