ExxonMobil drops Trinidad deepwater blocks, looks to Gulf of Paria venture

02/03/2003
Oil giant ExxonMobil Corp. has given up on its remote deepwater acreage far off Trinidad's East Coast but will remain in the country in an alternate role.The world's second largest oil company withdrew from exploration commitments after drilling four dry holes at a cost of $241 million.ExxonMobil's commitment included the drilling of three exploratory wells on Block 25(b) and four on Block 26, 50-90 miles east of Galeota Point.Its last two wells, Callicore-1, drilled to a TD of 11,518 ft in 3,716 ft of water on 25(b) and Heliconius-1 drilled to 11,945 ft in 4,428 ft of water on Block 26 targeting Pleistocene and Pliocene sands, were dry holes.They were drilled back to back in ...
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