ExxonMobil Discovers Oil at Tripletail-1 on Stabroek Block

Date : 09/16/2019 @ 1:48PM
Source : Dow Jones News
Stock : Exxon Mobil Corp (XOM)
Quote : 67.61  -0.53 (-0.78%) @ 12:59AM
After Hours
Last Trade
Last $ 67.67 ▲ 0.06 (0.09%)

ExxonMobil Discovers Oil at Tripletail-1 on Stabroek Block

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By Dave Sebastian


ExxonMobil Corp. (XOM) on Monday said it has discovered oil on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area.

The company had previously announced more than 6 billion oil-equivalent barrels of recoverable resources on the Stabroek Block.

With Tripletail-1, the company gains access to about 108 feet of oil-bearing sandstone reservoir, drilled in 6,572 feet of water.

After completing its Tripletail-1 operations, the company said it will next drill the Uaru-1 well, about 5 miles east of the Liza field.

ExxonMobil said it will add a fourth drillship, the Noble Don Taylor, to its Guyana operations in October.

The company started its oil and gas exploration in Guyana in 2008.


Write to Dave Sebastian at dave.sebastian@wsj.com


(END) Dow Jones Newswires

September 16, 2019 08:33 ET (12:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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