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  • Writer's pictureGYBSI Admin

ExxonMobil adds a 9th discovery offshore Guyana

Updated: Mar 14, 2019

Dated: August 30th, 2019

Hammerhead-1 well encounters 197 feet of high-quality, oil-bearing sandstone. This discovery adds to estimated resource of more than 4 billion barrels.

Another significant discovery by the Stena Carron drillship on the Stabroek block. The Hammerhead-1 well encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,773 feet (1,150 meters) of water. The Hammerhead-1 well is located approximately 13 miles (21 kilometers) southwest of the Liza-1 well and follows previous discoveries on the Stabroek Block at Liza, Liza Deep, Payara, Snoek, Turbot, Ranger, Pacora and Longtail.

The Guyana basin shows tremendous potential, with an estimated recoverable resource of more than 4 billion oil-equivalent barrels discovered to date. By 2025 there will be an estimated five floating production, storage and offloading (FPSO) vessels producing more than 750,000 barrels per day.

“The Hammerhead-1 discovery reinforces the potential of the Guyana basin [...] Development options for Hammerhead will take into account ongoing evaluation of reservoir data, including a well test.” - Steve Greenlee, president of ExxonMobil Exploration Company.

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