ExxonMobil upbeat on latest deepwater Liza well offshore Guyana

Offshore staff

IRVING, Texas – ExxonMobil says results from its deepwater Liza-2 appraisal well offshore Guyana have confirmed a world-class discovery with a recoverable resource in the range of 800 MM-1.4 Bboe.

Steve Greenlee, president of Exxon Mobil Exploration Co., said: “We are excited by the results of a production test of the Liza-2 well, which confirms the presence of high-quality oil from the same high-porosity sandstone reservoirs that we saw in the Liza-1 well completed in 2015.

“We, along with our co-venturers, look forward to continuing a strong partnership with the government of Guyana to further evaluate the commercial potential for this exciting prospect.”

Both wells were drilled on the Stabroek block 120 mi (193 km) offshore Guyana. Data from the Liza-2 well test is currently under evaluation.

Esso Exploration and Production Guyana drilled Liza-2 around 2 mi (3.3 km) from the Liza-1 well. It encountered more than 190 ft (58 m) of oil-bearing sandstone reservoirs in Upper Cretaceous formations.

It was drilled to a depth of 17,963 ft (5,475 m) in 5,551 ft (1,692 m) of water.

Esso Exploration and Production Guyana has a 45% operated interest in the Stabroek block. Hess Guyana Exploration holds 30% and CNOOC Nexen Petroleum Guyana 25%.

06/30/2016

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