Cedigaz News Reports

 

10/06/2021
Exxon Mobil makes new discovery off Guyana's coast

Exxon Mobil operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corporation and China's CNOOC Ltd.

Exxon Mobil Corporation said on Wednesday, June 9, it has made a new discovery at Longtail-3 in the Stabroek Block offshore Guyana, as the US oil major develops one of the world's most important new oil and gas blocks in the last decade.

Exxon operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corporation and China's CNOOC Ltd. It began production at the block in 2019.

The company, however, did not specify the size of the latest discovery's oil and gas reserves.

The latest find continues the consortium's long string of discoveries in Latin America's newest crude-producing nation and underscores the importance of Guyana to Exxon for increasing its future oil output.

The Longtail-1 discovery in the Stabroek Block was drilled in 2018, encountering about 256 feet of high-quality, oil-bearing sandstone reservoir.

In April, Exxon said it made discovery at the Uaru-2 well in the Stabroek Block. (June 10, 2021)

GUYANA - Natural Gas - EXPLORATION