Gov’t hiring firm to conduct reservoir audit of Stabroek Block

Government says it is in the process of hiring a firm to conduct a reservoir audit of the Stabroek Block fields, even as it currently counts 43 discoveries while the operator, ExxonMobil holds to not quantifying but is saying there have been more than 30.

Sources say that there is a dispute between government and the company over the number of discoveries, appraisals and production wells, and it is the reason for the company not publicly quantifying discoveries but giving ball park figures since 2022.

Last year October, government announced that the Lancetfish-2 appraisal well in the Stabroek Block had resulted in a significant discovery, marking four for that year, and that it had brought the total number of discoveries from 2015 to 46.