New Exxon Discovery - Hammerhead-130 Aug 2018 15:08
And here is that news :-)
30-Aug-2018 14:01:01
ExxonMobil Adds Ninth Discovery Offshore Guyana
-- Hammerhead-1 well encounters 197 feet of high-quality, oil-bearing
sandstone
-- Discovery adds to estimated resource of more than 4 billion barrels
-- Maximum offshore value creation through rapid development and accelerated
exploration
IRVING, Texas--(BUSINESS WIRE)--August 30, 2018--
ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the
Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the
past year and proving a new play concept for potential development.
Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality,
oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet
(4,225 meters) depth in 3,373 feet (1,150 meters) of water. The Stena Carron
drillship began drilling on July 27, 2018.
"The Hammerhead-1 discovery reinforces the potential of the Guyana basin,
where ExxonMobil is already maximizing value for all stakeholders through
rapid phased developments and accelerated exploration plans," said Steve
Greenlee, president of ExxonMobil Exploration Company. "Development options
for Hammerhead will take into account ongoing evaluation of reservoir data,
including a well test."
Hammerhead-1 is located approximately 13 miles (21 kilometers) southwest of
the Liza-1 well and follows previous discoveries on the Stabroek Block at
Liza, Liza Deep, Payara, Snoek, Turbot, Ranger, Pacora and Longtail. Those
previous discoveries led to the announcement of an estimated recoverable
resource of more than 4 billion oil-equivalent barrels discovered to date, and
the potential for up to five floating production, storage and offloading
(FPSO) vessels producing more than 750,000 barrels per day by 2025.
There is potential for additional production from significant undrilled
targets and plans for rapid exploration and appraisal drilling. A second
exploration vessel, the Noble Tom Madden, is due to arrive in Guyana in
October to accelerate exploration of high potential opportunities and will
commence drilling at the Pluma prospect approximately 17 miles (27 kilometers)
from Turbot.
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