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ExxonMobil confirms world-class oil discovery offshore Guyana

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Staff writer ▼ | June 30, 2016
ExxonMobil
Oil exploration   The Liza-2 well was drilled by Esso Exploration

Exxon Mobil Corporation said that drilling results from the Liza-2 well confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels.

The Liza-2 well is the second exploration well in the Stabroek block offshore Guyana.

“We are excited by the results of a production test of the Liza-2 well, which confirms the presence of high-quality oil from the same high-porosity sandstone reservoirs that we saw in the Liza-1 well completed in 2015,” said Steve Greenlee, president of Exxon Mobil Exploration Company.

“We, along with our co-venturers, look forward to continuing a strong partnership with the government of Guyana to further evaluate the commercial potential for this exciting prospect.”

The Liza wells are located in the Stabroek block approximately 120 miles (193 kilometers) offshore Guyana. Data from the successful Liza-2 well test is being assessed.

The Liza-2 well was drilled by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., approximately 2 miles (3.3 km) from the Liza-1 well. The Liza-2 well encountered more than 190 feet (58 meters) of oil-bearing sandstone reservoirs in Upper Cretaceous formations.

The well was drilled to 17,963 feet (5,475 meters) in 5,551 feet (1,692 meters) of water.


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