Exxon Mobil Corporation has announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara.

“The latest discovery at Snoek demonstrates the continued success we have achieved in this technically complex play, which is just part of the significant exploration province offshore Guyana,” says Steve Greenlee, president of ExxonMobil Exploration Company.

ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. commenced drilling of the Snoek well on Feb. 22, 2017 and encountered 25 metres of high-quality, oil-bearing sandstone reservoirs. The well was safely drilled to 5,175 m in 1,563 m of water on March 18. The Snoek well is located in the southern portion of the Stabroek Block, approximately 9 km to the southeast of the 2015 Liza-1 discovery.

Following completion of the Snoek well, the Stena Carron drillship has moved back to the Liza area to drill the Liza-4 well.

“As we continue to evaluate the full potential of the broader Stabroek Block, we are also taking the necessary steps to ensure the safe, cost-efficient and responsible development of this world-class resource, which can provide long-term, sustainable benefits to the people of Guyana,” says Greenlee.

The Stabroek Block is 26,800 square kilometres. Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest.

Tags: CNOOC Nexen Petroleum Guyana Limited, Esso Exploration and Production Guyana, Exxon Mobil Corporation, ExxonMobil, Hess Guyana Exploration Ltd.