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Guyana: ExxonMobil announces Redtail discovery offshore Guyana

Guyana: ExxonMobil announces Redtail discovery offshore Guyana

ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block.

  • Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2
  • Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource

‘Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in Guyana,’ said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. ‘Developing these projects remains an integral part of ExxonMobil and our co-venturers’ long-term growth plans and a source of significant value for Guyana.’

Redtail-1 encountered approx. 232 feet (70 meters) of high-quality oil bearing sandstone and was drilled in 6,164 feet (1,878 meters) of water. The well is located approx. 1.5 miles (2.5 kms) northwest of the Yellowtail discovery.

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Source: EnergyPedia

Guyana: ExxonMobil announces Redtail discovery offshore Guyana

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