ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approx.
ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approx. 10 billion oil-equivalent barrels.
The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block.
The Cataback-1 well encountered 74 m of net pay in high-quality hydrocarbon-bearing sandstone reservoirs. It is located approx. 6 km east of Turbot-1 and was drilled in 1807 m of water.
The Stabroek Block covers an area of 26,800 km2. ExxonMobil affiliate Esso Exploration and Production Guyana is operator and holds 45% interest in the Stabroek Block. Hess Guyana Exploration holds a 30% interest and CNOOC Petroleum Guyana holds 25%.
