ExxonMobil confirms 8th oil discovery offshore Guyana at the Longtail-1 well

ExxonMobil confirms 8th oil discovery offshore Guyana at the Longtail-1 well

Stenna Carron drillship

…company to add another exploration vessel offshore Guyana 

ExxonMobil in a statement on Wednesday said it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block.

According to the US based oil giant, the Stena Carron drillship commenced drilling on May 25, 2018 and the Longtail-1 well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940 meters) of water, where they subsequently encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir.  

“The Longtail discovery is in close proximity to the Turbot discovery southeast of the Liza field,” said Steve Greenlee, president of the ExxonMobil Exploration Company.

He explained that the “Longtail drilling results are under evaluation. However, the combined estimated recoverable resources of Turbot and Longtail will exceed 500 million barrels of oil equivalent, and will contribute to the evaluation of development options in this eastern portion of the block.”

ExxonMobil said it is currently making plans to add a second exploration vessel offshore Guyana in addition to the Stena Carron drillship, bringing its total number of drillships on the Stabroek Block to three.

“The new vessel will operate in parallel to the Stena Carron to explore the block’s numerous high-value prospects.”

According to the oil giant, the Noble Bob Douglas is completing initial stages of development drilling for Liza Phase 1, for which they announced a funding decision in 2017.

Moreover, in explaining the timeline of its production output the company posited that “Phase 1 will consist of 17 wells connected to a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day. First oil is expected in early 2020. Phase 2 concepts are similar to Phase 1 and involve a second FPSO with production capacity of 220,000 barrels per day. A third development, Payara, is planned to follow Liza Phase 2.”

According to ExxonMobil, “Guyanese businesses, contractors and employees continue to play an important role in ExxonMobil’s operations in the country. ExxonMobil and project partners spent $24 million with more than 300 local suppliers in 2017 and opened the Centre for Local Business Development in the capital city of Georgetown to promote the establishment and growth of small- and medium-sized local businesses.

“ExxonMobil’s priorities in Guyana are focused on enabling local workforce and supplier development and collaborating with government to support the growth and success of its economy, both in the energy and non-energy sectors.”

The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is the operator and holds 45 per cent interest in the Stabroek Block.

Hess Guyana Exploration Ltd. holds 30 per cent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 per cent interest.

Source: https://www.inewsguyana.com/

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  • Clyde Duncan  On July 5, 2018 at 9:40 pm

    EAC Responds to BP “Drilling Mud” Spill off the Coast of Halifax

    FOR IMMEDIATE RELEASE, June 22, 2018

    KJIPUKTUK (Halifax) – Just two months into an exploratory drill off the coast of Halifax, BP Canada Energy Group ULC (BP Canada) has reportedly spilled 136,000 litres of synthetic ‘Drilling Mud’.

    The spill was reported in an incident bulletin on the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) website this afternoon.

    Following the announcement, Stephen Thomas, Energy Campaign Coordinator at the Ecology Action Centre, is calling for better regulatory oversight.

    “Coastal Communities have been concerned that something like this – or worse – would happen,” says Thomas.

    Thomas is concerned that BP and CNSOPB will try to downplay the impacts of today’s spill.

    “We think that 136,000 litres of synthetic drilling fluid off of our coasts is a sign of the huge risks associated with this type of drilling, and is cause for concern,” Thomas says.

    According to the incident bulletin, drilling has been suspended “while the cause of the discharge is investigated. Drilling of the well will not resume until BP Canada receives approval from the CNSOPB that it may proceed.”

    The Ecology Action Centre is a member of the Offshore Alliance, who oppose offshore exploration on the Scotian Shelf, and are calling for a moratorium on offshore oil and gas exploration in Nova Scotia.

    “This is extremely worrying, and absolutely inexcusable,” says Thomas.

    – 30 –

    Stephen Thomas
    Energy Campaign Coordinator, Ecology Action Centre
    902 441 7136

    stephen@ecologyaction.ca

    • Emanuel  On July 6, 2018 at 9:23 pm

      The article is about the 8th offshore oil well and ExxonMobil.

      I do not see the connection between Guyana and Halifax and BP.

      What’s exactly your point?

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