#Country Updates #Guyana #News #Upstream Exploration & Production

ExxonMobil announces discovery at Uaru-2 offshore Guyana

ExxonMobil has made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approx. 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approx. 120 feet (36.7 meters) of high quality oil bearing reservoirs including newly identified intervals below the original Uaru-1 discovery. The well was drilled in 5,659 feet (1,725 meters) of water and is located approx. 6.8 miles (11 kms) south of the Uaru-1 well.

  • Guyana potential increases to as many as 10 floating production storage and offloading vessels (FPSO)
  • Estimated recoverable resource of approx. 9 billion oil-equivalent barrels to increase
  • Six drillships now operating offshore Guyana

The Uaru-2 discovery enhances our work to optimally sequence development opportunities in the Stabroek Block,’ said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. ‘Progressing our industry-leading investments and well-executed exploration plans are vital in order to continue to develop Guyana’s offshore resources that unlock additional value for the people of Guyana and all stakeholders.’

In January 2020, ExxonMobil announced that Uaru-1 was the 16th discovery in the Stabroek Block. The well encountered approx. 94 feet (29 meters) of high-quality oil-bearing sandstone reservoir and was drilled in 6,342 feet (1,933 meters) of water. 

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Source: EnergyPedia

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