Oil Discovery

Home>Topics>Oil Discovery
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Videos
  1. ExxonMobil announces new oil discoveries offshore Guyana

    ExxonMobil announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery. “This important discovery further establishes the area as a significant exploration province,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We look forward to working with the government and our co-venturers to continue evaluating broader exploration potential on the block and the greater Liza area .” The well was drilled by ExxonMobil affiliate Esso Exploration and Production Guyana Limited, and encountered more than 95 feet (29 meters) of high-quality, oil-bearing sandstone reservoirs. It was safely drilled to 18,080 feet (5,512 meters) in 6,660 feet (2,030 meters) of water. The Payara field discovery is about 10 miles (16 km) northwest of the 2015 Liza discovery. In addition to the Payara discovery, appraisal drilling at Liza-3 has identified an additional high quality, deeper reservoir directly below the Liza field, which is estimated to contain between 100-150 million oil equivalent barrels. This additional resource is currently being evaluated for development in conjunction with the world-class Liza discovery. “These latest exploration successes are examples of ExxonMobil’s technological capabilities in ultra-deepwater environments, which will enable effective development of the resource for the benefit of the people of Guyana and our shareholders,” Greenlee said. Drilling on Payara began on Nov. 12 with initial total depth reached on Dec. 2. Two sidetracks have been drilled to rapidly evaluate the discovery, and a well test is underway to further evaluate the successful well results. The well data will be analyzed in the coming months to better determine the full resource potential. The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  2. Hess makes new oil discovery offshore Guyana

    Hess Corp. noted positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. ConocoPhillips Alaska makes oil discovery in NPR-A

    ConocoPhillips Alaska Inc. reported making an oil discovery in the Greater Mooses Tooth (GMT) Unit in the northeast section of the National Petroleum Reserve-Alaska (NPR-A).

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  4. ExxonMobil makes second deepwater oil discovery offshore Guyana

    ExxonMobil has discovered another deepwater oil field in the Stabroek block offshore Guyana, according to partner Hess.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  1. DNO makes oil discovery in Kurdistan’s Peshkabir field

    Online Articles

    Online Articles

    Tue, 10 Jan 2017

  2. Tullow assessing Jubilee FPSO mooring options

    Tullow Oil says work to rectify problems with the turret systems on the Jubilee FPSO is on course, with the vessel set to be spread-moored on its current heading by the end of January.

    Online Articles

    Online Articles

    Wed, 11 Jan 2017

  3. ExxonMobil unit finds more oil offshore Guyana

    Esso Exploration & Production Guyana Ltd. (EEPGL) encountered more than 95 ft of oil-bearing sandstone in its Payara-1 well, which was drilled about 10 miles northwest of the Liza-1 discovery.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  4. Scarabeo 8 spuds Boné wildcat in the Barents Sea

    Drilling is under way on the Eni-operated Boné (ex-Dazzler) exploration well in the Norwegian Barents Sea.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  5. Aker BP makes North Sea oil discovery near Frigg field

    The Norwegian Petroleum Directorate reported that Aker BP ASA has made an oil discovery near Frigg field in the North Sea.

    Online Articles

    Online Articles

    Fri, 30 Dec 2016

  6. Azerbaijan’s future likely to hinge on gas, condensate

    Douglas-Westwood says the recently signed letter of intent between the BP-operated AIOC consortium and SOCAR concerning continued development of the Azeri-Chirag-Gunashli project in the Caspian Sea is critical to the future of Azerbaijan’s hydrocarbons industry.

    Online Articles

    Online Articles

    Mon, 9 Jan 2017

  7. Statoil to increase exploration drilling in 2017

    Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016.

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  8. Anadarko gulf tie-back drilling program adds oil discoveries

    Anadarko Petroleum Corp. encountered more than 210 ft of net oil pay in multiple Miocene-aged reservoirs with the Warrior exploration well, which was drilled 3 miles from the company’s K2 field in the Gulf of Mexico on Green Canyon Block 562.

    Online Articles

    Online Articles

    Fri, 16 Dec 2016

Get More Results