ExxonMobil has made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling continues at both wells to test deeper targets, and results will be evaluated for future development.
- Significant new oil discovery located southeast of Uaru and west of Yellowtail
- Could form the basis for a future development in the Stabroek Block
- Adds to the previous recoverable resource estimate of approx. 9 billion oil equivalent barrels
- More than 2,600 Guyanese supporting oil and gas activities in country
The Whiptail discovery is located approx. 4 miles southeast of the Uaru-1 discovery that was announced in January 2020 and approx. 3 miles west of the Yellowtail field. Whiptail-1 is being drilled in 5,889 feet (1,795 meters) of water by the Stena DrillMAX. Whiptail-2, which is located 3 miles northeast of Whiptail-1, is currently being drilled in 6,217 feet (1,895 meters) of water by the Noble Don Taylor.
‘This discovery increases our confidence in the resource size and quality in the southeast area of the Stabroek Block and could form the basis for a future development as we continue to evaluate the best sequence of development opportunities within the block,’ said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.
ExxonMobil envisions at least six projects online by 2027 and sees potential for up to 10 projects to develop its current recoverable resource base.
CLick on the link below for full report