Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

GUYANA -- Exxon Mobil and its partners Hess and China's CNOOC reported another oil discovery in the prolific Stabroek Block that could further boost the estimated recoverable reserves in the emerging play. Exxon said its Longtail-3 well found 230 feet of net pay, including “newly identified, high-quality hydrocarbon bearing reservoirs." The company added that it was located at a lower depth than the 256 feet of net pay discovered by the Longtail-1 well in 2018 about two miles to the north. The discovery of stacked reservoirs in the Longtail field comes on the heels of a find by the nearby Uaru-2 well, and should add to the gross recoverable resources in the Stabroek Block, according to Hess CEO John Hess, which are already estimated at roughly 9 billion boe (PIW Sep.27'19).

Corporate Strategy
Wanda Ad #2 (article footer)
Opec-plus' complex agreement aims to regain control of a market that has been driven recently by sentiment more than fundamentals.
Mon, Jun 5, 2023