Guyana finds more oil

ExxonMobil Corporation has announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.

Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep.

According to ExxonMobil, following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018.

ExxonMobil affiliate Esso Exploration and Production Guyana Ltd began drilling the Turbot-1 well on August 14 and encountered a reservoir of 23 metres of high-quality, oil-bearing sandstone in the primary objective. The well was safely drilled to 5,622 metres in 1,802 metres of water on September 29. The Turbot-1 well is located in the southeastern portion of the Stabroek Block, approximately 50 kilometres to the southeast of the Liza phase one project.

“The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” said Steve Greenlee, president of ExxonMobil Exploration Company. “ExxonMobil, along with its partners, will continue to further evaluate opportunities on the Stabroek Block.”