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ExxonMobil's Liza-1 well makes discovery in Guyana

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Report summary

ExxonMobil has made Guyana's first ever oil discovery at its Liza-1 well on the offshore Stabroek Block. The well was drilled to an Upper Cretaceous fan play, encountering over 90 metres of oil-bearing sandstone reservoir. The Liza-1 discovery follows two disappointing wells drilled on the shelf in 2012 and is the only material discovery in the Guyana Basin other than the 2011 Zaedyus oil find. 

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