ExxonMobil made its fifth discovery in Guyana

REUTERS/Lucas Jackson/File Photo

REUTERS/Lucas Jackson/File Photo

Exxon Mobil announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.
Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018.
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on Aug. 14, 2017 and encountered a reservoir of 23 meters of high-quality, oil-bearing sandstone in the primary objective. The well was safely drilled to 5,622 meters in 1,802 meters of water on September 29, 2017. The Turbot-1 well is located in the southeastern portion of the Stabroek Block, approximately 30 miles (50 kilometers) to the southeast of the Liza phase one project