Exxon in new Guyana discovery

Guyana

IRVING, October 5, 2017 – ExxonMobil’s Guyana affiliate Esso Exploration and Production encountered 23 metres of oil pay at the Turbot-1 offshore well, the super-major announced on Thursday.

The well was drilled in the southeastern part of the Stabroek Block, which also contains the giant Liza field. It was Exxon’s fifth discovery in Guyana.

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

Esso Exploration and Production Guyana holds a 45% operated interest in the 26,800-square-kilometre block. Its partners there are Hess Guyana (30%) and Nexen Petroleum (25%).

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