“Dry well” in ExxonMobil’s latest exploration

United States oil giant, ExxonMobil, announced Friday that its latest exploration well offshore Guyana turned up dry – the second dry well the company encountered.

ExxonMobil began drilling the well, called Sorubim located on the Stabroek Block, April 3, 2018. The first dry well was the Skipjack.

“ExxonMobil Guyana and partners reached total depth on the Sorubim well in the Stabroek Block, and unfortunately, the well did not encounter commercial quantities of hydrocarbons,” the Company said in a statement.

ExxonMobil explained that exploration wells come with a certain amount of risk and this is particularly true in frontier areas like Guyana.  “Success is not guaranteed,” the supermajor said.

ExxonMobil experienced great exploration success in Guyana with seven previous discoveries: Liza, Liza Deep, Payara, Pacora, Snoek, Ranger, and Turbot.

ExxonMobil said the Stena Carron drillship will continue to explore and evaluate other areas of the block.  The Stena Carron is currently drilling the Liza 5 well, which will likely be followed by a new prospect, called Long Tail.