ExxonMobil adds to Stabroek block resource estimate with new discovery

ExxonMobil discovered oil in the Stabroek block, offshore Guyana, at Fangtooth SE-1, about 8 miles southeast of the original Fangtooth-1 discovery, partner Hess Corp. said in its Jan. 25 quarterly earnings report (OGJ Online, Jan. 5, 2022; Jan. 26, 2023).

The Fangtooth SE-1 well encountered about 200 ft of oil bearing sandstone reservoirs, Hess said, noting the discovery adds to the block’s gross discovered recoverable resource estimate of more than 11 billion boe and has the potential to underpin a future oil development.

ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. is operator at Stabroek block (45%) with partners Hess Guyana Exploration Ltd. (30%) and CNOOC Petroleum Guyana Ltd. (25%).