ExxonMobil yesterday announced an oil find offshore Guyana at the Mako-1 well southeast of the Liza field, marking its 15th discovery in the Stabroek Block.
In a release, the company said that the discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.
Mako-1 found approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir. Mako-1, drilled in 5,315 feet (1,620 meters) of water, is sited approximately six miles (10 kilometers) southeast of the Liza field, which began producing oil on December 20th.
