Exxon subsidiary set for more drilling

Just days after its 7th major oil find in the Stabroek Block offshore, ExxonMobil’s subsidiary is set to begin drilling at another site.

In a notice in today’s Stabroek News, the Harbour Master said that Esso Exploration & Production Guyana Limited (EE&PGL) will on March 7th begin drilling for a three-month period at the Liza-5 well site.

The drill site is around 108.2 nautical miles from the coast of Guyana.

When it announced this week that it had found oil at the Pacora-1 site in the Stabroek Block, Exxon said that the Stena Carron drillship would move to the Liza field to drill the Liza-5 well and complete a well test, which will be used to assess concepts for the Payara development. Payara is one of the well sites where oil was found.

ExxonMobil announced project sanctioning for the Liza phase one development in June 2017. Following Liza-5, the Stena Carron will conduct additional exploration and appraisal drilling on the block.

The Stabroek Block is 6.6 million acres (26,800 square kilometers). EE&PGL is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

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