American oil giant, ExxonMobil, has discovered more oil offshore Guyana as it continues its exploration. According to ExxonMobil’s partner, Hess Corporation, the Liza 3 well was drilled to a depth of 18,100 feet in 6000 feet of water on a location about 2.7 miles from the Liza 1 discovery. Liza-3 well is in the Stabroek block, about 193km offshore Guyana.
In July, 2016, ExxonMobil submitted a development plan for Liza to Guyana’s Environmental Protection Agency to begin the environmental review process that involved a floating production, storage and offloading vessel with capacity of around 100,000 barrels per day of oil in its first phase. “Based on the positive results of the Liza-3 well, we now expect Liza to be at the upper end of the previously announced estimated recoverable resources”, said Chief Executive Officer of Hess, John Hess.