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ExxonMobil nails new Guyana play with Hammerhead
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Report summary
ExxonMobil announced its ninth discovery offshore Guyana. The Hammerhead-1 well encountered 197 feet (60 meters) of oil-bearing sandstone in a Miocene formation. It is the third play unlocked by ExxonMobil and partners Hess and Nexen in the prolific Guyana basin after seven discoveries in Cretaceous-aged turbidite sandstone reservoirs and a discovery in Late Cretaceous carbonate reservoirs in early 2018 with Ranger.
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