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Exxon has another oil hit offshore Guyana

Exxon has another oil hit offshore Guyana

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The hits keep coming for ExxonMobil in its exploratory drilling offshore Guyana with the declaration that it has positive results for a sixth time.

Guyana is a newcomer to the global oil business and the US supermajor is lead partner on its offshore work.

The new discovery is from a well called called Ranger-1 and joins others named Liza, Payara, Snoek, Liza Deep and Turbot.

Those previous five finds are expected to contain around 3.2billion barrels of recoverable oil in the 6.6 million-acre Stabroek Block.

Drilling at Ranger-1 began only in early November.

Once the Ranger-1 well is complete the Stena Carron drillship will move to another Guyana prospect called Pacora

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Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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