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ExxonMobil makes 11th and 12th oil discoveries Chile: Lo que le


offshore Guyana importa a la
“gente” – Por Juan
Director of Energy, Dr Mark Bynoe, this morning, announced that the Stabroek Block Pablo Cárdenas S.
Operator ExxonMobil has made its 11th and 12th discoveries offshore Guyana at the 6 febrero, 2019
Tilapia-1 and Haimara-1 wells in the southwest section of the Stabroek Block.

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The Tilapia-1 is the fourth discovery in the Turbot area that includes Turbot, Longtail and
Pluma discoveries. Tilapia-1 encountered approximately 305 feet (93 metres) of high-
quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786 feet (5,726
metres) in 5,850 feet (1,783 metres) of water. The well is located approximately 3.4 miles
(5.5 kilometres) west of the Longtail-1 well, Dr. Bynoe disclosed.

Guyana Times   

DOUBLE OIL STRIKE


UNITED States oil giant ExxonMobil has reportedly discovered oil in two of its recently
drilled wells, a top source at the company told the Guyana Chronicle on Tuesday.
The source based in the U.S. said that the of cial announcement of the nds would be
made later this week. The of cial would not go into details about the discoveries, but ANÁLISIS
related that substantial commercial quantities were found at the Tilapia-1 and Haimara-
1 wells.

The Guyana Chronicle was unable to con rm the nd with Director of Energy Dr Mark
Bynoe as calls to his phone went unanswered. Several senior government of cials also
declined to comment and referred this newspaper to the Department of Energy.
Exxon’s local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) late Un presidente-
December had announced the beginning of a three-month drilling operation on January peón virtual, un
5, 2019 at the Tilapia-1 well site within the Stabroek Block. Tilapia-1 is located 3.4 miles poder real en
(5.5 kilometres) west of the Longtail-1 well. Eleven vessels will be involved in this Washington y el
operation: Noble Tom Madden, M/V Cat Island, M/V El and, M/V Oryx, Clarence Triche,
hundimiento de la
Liam J Mc Call, Paradise Island, Sanibel Island, Horn Island, Robert Adams and Jack
Edwards. The drill site the company had said then was approximately 111.4 nautical
OEA – Por Aram
miles from the coast of Guyana and covers an area of one square kilometre. Aharonian
6 febrero, 2019

Additionally, on January 2, 2019, EEPGL began a three-month operation at the Haimara-


1 well site. The Stena Carron drillship was deployed for this operation and was
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supported by the same vessels being used for the Tilapia-1 well. Back in December 3,

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2018 Exxon had announced its 10th discovery offshore Guyana and increased its
estimate of the discovered recoverable resource for the Stabroek Block to more than ve
billion oil-equivalent barrels.
The resource estimate, up from the previous estimate of more than 4 billion oil-
equivalent barrels, is a result of further evaluation of previous discoveries and includes a
new discovery at the Pluma-1 well, the company said in a statement.

“The discovery of a resource base of more than 5 billion oil-equivalent barrels in less
than four years is a testament of our technical expertise and rigorous evaluation and
pursuit of high-potential, high-risk opportunities in this frontier area,” said Neil
Chapman, ExxonMobil senior vice-president. “We will continue to apply what we’ve
learned to identify additional exploration prospects and potential future discoveries that
will deliver signi cant value to the Guyanese people, our partners and shareholders.”

The Pluma-1 well encountered approximately 121 feet (37 metres) of high-quality
hydrocarbon-bearing sandstone reservoir. Pluma-1 reached a depth of 16,447 feet (5,013
metres) in 3,340 feet (1,018 metres) of water. The Noble Tom Madden drillship began
drilling on Nov. 1. The well is located approximately 17 miles (27 kilometres) south of the   
Turbot-1 well. The Noble Tom Madden will next drill the Tilapia-1 prospect located 3.4
miles (5.5 kilometres) west of the Longtail-1 well. “Together with the Government and
people of Guyana, we are continuing to grow the value of the Stabroek Block for Guyana,
our partners and ExxonMobil with successful exploration investments,” said Steve
Greenlee, president of ExxonMobil Exploration Company. “Our ongoing work will Suscríbete a nuestro
evaluate development options in the south-eastern portion of the block, potentially Boletín
combining Pluma with prior Turbot and Longtail discoveries into a major new
development area.” Correo Electrónico

The Liza Phase 1 development is expected to begin producing up to 120,000 barrels of oil ENVIAR
per day by early 2020, utilising the Liza Destiny oating storage, production and
of oading vessel (FPSO). As previously announced, Liza Phase 2 is expected to start up
by mid-2022. Pending government and regulatory approvals, Liza Phase 2 project
RINCÓN MUSICAL
sanction is expected in early 2019 and will use a second FPSO designed to produce up to
220,000 barrels per day. Sanctioning of a third development, Payara, is also expected in
2019 with start up as early as 2023. Privacy - Terms

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The Stabroek Block is 6.6 million acres (26,800 square kilometres). ExxonMobil’s af liate,
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.

Director of the Department of Energy Dr. Mark Bynoe , at the time had said: “This is great Bob Marley
news for Guyana…the country is on the cusp of transformational development for
(Jamaica) –
current and future generations, and the news of ExxonMobil’s 10th discovery offshore
Guyana is expected to facilitate the country’s realisation of substantial social and
Redemption Song
economic improvements.” 6 febrero, 2019

In his recent budget presentation, Finance Minister Winston Jordan had said that the
discovery of very signi cant oil reserves has put Guyana at a critical point in its history,
“providing us with the opportunity to shift our development path, modernise our
economy and transform the lives of our citizens. We are poised for rapid economic
expansion, and our government is committed to pursuing economic and social policies
conducive to equitable, sustainable and environmentally friendly growth.”

Jordan noted that the government has embarked on a number of initiatives to ensure
that “we do not squander these resources.”

He said that in order to capture the full bene t of our new-found wealth, “we must chart
a course of development that is diversi ed, inclusive and sustainable. This is why we
have embarked on the development of the Green State Development Strategy (GSDS), a
comprehensive document of strategic actions, policies, projects and programmes to
guide our development trajectory over the next 20 years.

The objective is broader than Guyana‘s past development strategies and captures a
more holistic view of social, economic and environmental well-being, which is in line
with the United Nation‘s Sustainable Development Goals (SDGs). In particular, the
strategy aims to foster sustained economic growth that is low-carbon and climate-
resilient, as well as promote social cohesion, good governance and careful management
of our nite natural resources.” Privacy - Terms

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