Offshore staff
IRVING, Texas — Exxon Mobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek Block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25.
The Seabob-1 well encountered approximately 131 ft (40 m) of high-quality hydrocarbon-bearing sandstone and was drilled in 4,660 ft (1,421 m) of water by the Stena Carron drillship. The Kiru-Kiru-1 well encountered approximately 98 ft (30 m) of high-quality hydrocarbon-bearing sandstone and was drilled by the Stena DrillMAX in 5,760 ft (1,756 m) of water. Drilling operations at Kiru-Kiru are ongoing.
The company’s 2022 investment plans include further exploration drilling and resource development in Guyana, where it is already increasing production at an accelerated pace. Two FPSO vessels operating offshore Guyana—Liza Destiny and Liza Unity—have exceeded their initial combined production target of 340,000 bbl/d of oil.
A third project, Payara, is expected to produce 220,000 bbl/d. Construction on its production vessel, the Prosperity FPSO, is approximately five months ahead of schedule with startup likely before year-end 2023.
The fourth project, Yellowtail, is expected to produce 250,000 bbl/d when the ONE GUYANA FPSO comes online in 2025.
Guyana’s Stabroek Block is 6.6 million acres (26,800 sq km). Exxon Mobil affiliate Esso Exploration and Production Guyana Ltd. is the operator and holds 45% interest in the block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Ltd. holds 25% interest.
07.26.2022
