ExxonMobil yesterday officially announced the recent discovery of oil bearing sands at its Snoek well, in the Stabroek Block offshore Guyana, which was welcomed by the government.
An ExxonMobil statement said drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara.
“The latest discovery at Snoek demonstrates the continued success we have achieved in this technically complex play, which is just part of the significant exploration province offshore Guyana,” Steve Greenlee, president of ExxonMobil Exploration Company, was quoted as saying in the company statement.
“As we continue to evaluate the full potential of the broader Stabroek Block, we are also taking the necessary steps to ensure the safe, cost-efficient and responsible development of this world-class resource, which can provide long-term, sustainable benefits to the people of Guyana,” he also said.
