Exxon Mobil discovers oil offshore Guyana

Exxon Mobil has announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara.

Exxon Mobil’s affiliate Esso Exploration and Production Guyana Ltd. commenced drilling of the Snoek well on February 22nd, 2017 and encountered 82 ft. of high-quality, oil-bearing sandstone reservoirs. The well was safely drilled to 16,978 ft. in 5,128 ft. of water on March 18th. The Snoek well is located in the southern portion of the Stabroek Block, approximately 5 miles to the southeast of the 2015 Liza-1 discovery.

Following completion of the Snoek well, the Stena Carron drillship has moved back to the Liza area to drill the Liza-4 well.

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