ExxonMobil discovers more oil offshore Guyana

IRVING, Texas – ExxonMobil said today it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.

Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels.

Drilling at Uaru-2 encountered approximately 120 feet (36.7 meters) of high-quality oil-bearing reservoirs including newly identified intervals below the original Uaru-1 discovery.

The well was drilled in 5,659 feet (1,725 meters) of water and is located approximately 6.8 miles (11 kilometers) south of the Uaru-1 well.

The oil company said Guyana’s potential increases to as many as 10 floating production storage and offloading vessels (FPSO). Six drillships are now operating offshore Guyana