ExxonMobil has discovered oil on the Stabroek Block located offshore Guyana at the Tripletail-1 well in the Turbot area.

The latest discovery adds to the estimated recoverable resource of more than six billion oil-equivalent barrels announced earlier on the Stabroek Block.

Drilled in 6,572ft of water, the well Tripletail-1 encountered 108ft of a high-quality oil-bearing sandstone reservoir. It is located approximately 5km north-east of the Longtail discovery.

When the drilling is complete, the Noble Tom Madden drillship will move to drill the Uaru-1 well located 10km east of the Liza field.

ExxonMobil Exploration and New Ventures senior vice-president Mike Cousins said: “Together with our partners, ExxonMobil is deploying industry-leading capabilities to identify projects that can be developed efficiently and in a cost-effective way.”

The company noted that exploration and development activities are moving forward elsewhere on the Stabroek Block.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Stena Carron drillship is currently drilling the Ranger-2 well and will carry out a well test at Yellowtail-1 upon completion.

The Noble Bob Douglas drillship is in the process of completing drilling operations for the Liza Phase 1 project.

Next month, ExxonMobil plans to add a fourth drillship, the Noble Don Taylor, as it continues to optimise its drilling plans.

ExxonMobil affiliate Esso Exploration and Production Guyana operates the 26,800km² Stabroek Block with a 45% interest.

Hess Guyana Exploration owns a 30% interest and the remaining 25% is held by CNOOC Petroleum Guyana, a wholly owned subsidiary of CNOOC.

In February, ExxonMobil made two discoveries at the Tilapia-1 and Haimara-1 wells in the Stabroek Block.

The discoveries bring the total number of discoveries on the block to 12.