EXPLORATION

Exxon makes new Guyana discovery 

EXXONMOBIL has made its 18th discovery offshore Guyana at the Redtail-1 well which it says will add more to its eight billion barrels of oil equivalent barrel resource estimate at its Stabroek Block, which is currently producing at a rate of 120,000 barrels of oil per day. 

Exxon makes new Guyana discovery 

The well intersected 70 metres of oil bearing sandstone and was drilled in 1,878 metres of water, two and a half kilometres northwest of its Yellowtail discovery. Drilling at Yellowtail-2 hit 21m of net...

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