From the Field
Exxon continues drilling at Stabroek in Guyana
GEORGETOWN, December 27, 2018 – ExxonMobil is moving ahead with its drilling and development programme offshore Guyana, despite an incident with the Venezuelan navy over the weekend, the super-major said in a company statement on Wednesday.
“Exploration and development drilling is continuing in the southeast area of the Stabroek block,” the statement said. “Activities related to the Liza phase one development, which is expected to begin producing up to 120,000 barrels of oil per day in early 2020, are also unaffected.”
On Saturday, two seismic vessels owned by Petroleum Geo-Services and contracted by ExxonMobil were intercepted by Venezuela’s navy. Part of the Stabroek block, estimated to contain a total of 5 billion boe of recoverable resources, is located in offshore territory claimed by both countries.