Exxon Mobil (NYSE:XOM)
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2 Months : From Aug 2019 to Oct 2019
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 email@example.com
(END) Dow Jones Newswires
September 16, 2019 08:33 ET (12:33 GMT)
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