Inform
ExxonMobil makes eighth Guyana discovery at Longtail
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Report summary
ExxonMobil has made its eighth discovery on the Stabroek block with the Longtail-1 well. With only two dry holes since the exploration drilling campaign began with the Liza discovery, the block’s 80% success rate has yielded billions of barrels of recoverable resources. Following successes earlier this year at Ranger and Pacora, we estimate Longtail now pushes the block’s recoverable resource volumes to over 4 billion boe. As ExxonMobil, with partners Hess and Nexen, prepare to drill the Hammerhead prospect next, development drilling is already underway at Liza leading up to the deployment of the first FPSO, which will start producing in 2020. Longtail is located very close to the 2017 Turbot discovery, which will facilitate a combined development of those fields in a later phase. Read our Inform to learn: •How high could Guyana’s oil production go? •What kind of development solution might be employed at Longtail? •How important has Guyana become for the partners’ upstream portfolios?
Table of contents
- Latest discovery could push recoverable resources over 4 billion boe
Tables and charts
This report includes 2 images and tables including:
- Discoveries on Stabroek block to date
- Stabroek block's production could approach 700,000 b/d of oil
What's included
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