ExxonMobil and Hess have made two more discoveries in Guyana
Guyana yields more discoveries
Two more finds have been made at the upstream frontier’s prolific Stabroek block
Partners ExxonMobil and New York-headquartered Hess have made two more discoveries at Guyana’s Stabroek block, increasing the number of discoveries made in the country this year to seven. The first discovery, Seabob 1, is around 19km southeast of the Yellowtail development and in waters 1,421m deep. The second, Kiru-Kiru 1, is about 5km southeast of the Cataback-1 discovery and in waters 1,756m deep. Together, the new finds will increase Stabroek’s resources beyond its previous recoverable resource estimate of 11bn bl oe. And there could be more to come. “We continue to see multibillion barrels of future exploration potential remaining,” says Hess CEO John Hess, while management describe Guy
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
