Exxon has made three discoveries offshore Guyana and increased its recoverable resource estimate for Stabroek to nearly 11 billion oil-equivalent barrels. U.S. oil supermajor ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. Exxon said that the three discoveries – Barreleye-1, Patwa-1, and Lukanani-1 – were southeast of the Liza and Payara developments and bring the number of Exxon’s Guyana discoveries in 2022 to five. The Barreleye-1 well encountered approximately 230 feet of hydrocarbon-bearing sandstone and was drilled in 3,840 feet. Drilling at Patwa-1 encountered 108 feet of hydrocarbon-bearing sandstone and was conducted in 6,315 feet of water. The Lukanani-1 well encountered 115 feet of hydrocarbon-bearing sandstone and was drilled at a water depth of 4,068 feet. Operations are still ongoing at Barreleye-1 and Lukanani-1. “These discoveries and the updated resource estimate […]