Offshore staff
IRVING, Texas – ExxonMobil has announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek Block offshore Guyana. The company noted that it has made more than 30 discoveries on the block since 2015, and that it has ramped up offshore development and production at a pace that far exceeds the industry average.
The Sailfin-1 well encountered approximately 312 ft (95 m) of hydrocarbon-bearing sandstone and was drilled in 4,616 ft (1,407 m) of water. The Yarrow-1 well encountered approximately 75 ft (23 m) of hydrocarbon-bearing sandstone and was drilled in 3,560 ft (1,085 m) of water. Both wells were drilled by the Stena Carron drillship.
ExxonMobil says that its first two sanctioned offshore Guyana projects, Liza Phase 1 and Liza Phase 2, are now producing above design capacity and achieved an average of nearly 360,000 barrels of oil per day in the third quarter.
A third project, Payara, is expected to start-up by the end of 2023, and a fourth project, Yellowtail, is expected to start-up in 2025. ExxonMobil is currently pursuing environmental authorization for a fifth project, Uaru. By the end of the decade, ExxonMobil expects Guyana’s oil production capacity to be more than one million barrels a day.
10.26.2022
