Guyana’s oil reserves and investment potential were yesterday boosted by the Hess Corporation announcement that appraisal of the Yellowtail well and 13th discovery in the offshore Stabroek Block it shares with ExxonMobil and China National Offshore Oil Corporation (CNOOC) has yielded two additional reservoirs.
“The Stena Carron rig recently completed appraisal drilling at Yellowtail-2, located 1 mile southeast of Yellowtail-1. The well identified two additional high quality reservoirs, one adjacent to, and the other below the Yellowtail Field, further demonstrating the world class quality of this basin,” the company yesterday announced at its Second Quarter Earnings Call .
“This additional resource is currently being evaluated and will help form the basis for a potential future development,” it added. The Stabroek Block discoveries so far have been rated at nine billion barrels of oil equivalent.
