Exxon’s Big Bet On Guyana Is Starting To Pay Off

exxon, guyana, bet, block, stabroek,
Gulf
  • Date: 13-Sep-2021
  • Source: Yahoo News
  • Sector: Oil & Gas
  • Country: Gulf
  • Share:

Exxon’s Big Bet On Guyana Is Starting To Pay Off

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Editor OilPrice.comSeptember 12, 2021, 2:00 PM·4 min readIn this article: Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

After commencing exploration drilling in offshore Guyana in 2015 the world’s second largest publicly listed oil company by market cap ExxonMobil experienced stunning success. In little more than six years Exxon has made 22 high-quality oil discoveries in the 6.6-million-acre Stabroek Block, the latest being at the 5,938 feet Pinktail well, located nearly 22 miles to the southeast of the Liza phase 1 development. Hess, Exxon’s partner, with a 30% interest in the Stabroek Block announced the successful appraisal of the Turbot oil discovery in the block at the 5,790 feet Turbot 2 well 37 miles to the southeast of Liza phase 1.

Stabroek Block Oil Discoveries

Tech Talk: Facebook to change rules on attacking public figures – Gulf Digital News

‘Profound experience’: Star Trek’s Shatner becomes world’s oldest space traveler

U.S. Wants Offshore Wind Farms Off Coasts, in Gulf of Mexico by 2030

World’s clean energy transition ‘too slow’ — IEA