GUYANA | ExxonMobil announces two new oil discoveries in Guyana; Total discoveries now more than 25

GEORGETOWN,  Guyana, July 27, 2022 - The ExxonMobil company has announced that it has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block.

The company said the discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana now numbering more than 25.

The Seabob-1 well encountered approximately 131 feet of high-quality hydrocarbon-bearing sandstone and was drilled by the Stena Carron drill ship.

The Kiru-Kiru-1 well encountered approximately 98 feet of high-quality hydrocarbon-bearing sandstone and was drilled by the Stena DrillMAX. It was explained that drilling operations at Kiru-Kiru are ongoing.

The President of Exxon’s Upstream Company Liam Mallon said “ExxonMobil and its partners continue to accelerate exploration, development and production activities for the benefit of all stakeholders, including the people of Guyana”, adding that “the resources we are investing in and discovering offshore Guyana will provide safe, secure energy for global markets for decades to come.”

The company’s 2022 investment plans include further exploration drilling and resource development in Guyana, where it is already increasing production at an accelerated, industry-leading pace.

Two floating production storage and offloading (FPSO) vessels operating offshore Guyana — Liza Destiny and Liza Unity — have exceeded their initial combined production target of 340,000 barrels of oil per day.

A third project, Payara, is expected to produce 220,000 barrels per day.