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ExxonMobil makes two more oil discoveries

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05 Jan 2022 12:49 #394902 by chairman
ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

In a release, the company said that the he Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located around 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well found approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field.

These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels, the release said.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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05 Jan 2022 12:58 #394908 by ketchim
Holy Black Gold !

Guyana will OWN the OIL market pretty soon

We better take over the role of Medina and Mecca ~

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