Exxon finds more oil offshore Guyana

U.S. oil major ExxonMobil has made another oil discovery in the Stabroek block, offshore Guyana.

News of the discovery at the Pecora-1 well using the Stena Carron drillship was confirmed both by the country’s Minister of Natural Resources Raphael Trotman, and by Exxon, albeit via a social media post.

Minister Trotman said: “Another discovery of petroleum has been made, this time in the Pecora well, which is about four miles from the Payara well in the Stabroek block.”

Trotman said this was Exxon’s sixth successful discovery out of seven wells drilled in the block.

He did not provide any info on the size of the discovery, adding more details would be revealed later.

Trotman also announced that Guyana was set to form a department of energy in the coming months. The department will focus solely on the development of the country’s petroleum sector.

Guyana, located on the north of the South American continent, does not produce any oil, however, Exxon has started work on the development of the first phase of the Liza offshore discovery. The Liza field is expected to start producing in 2020.

Offshore Energy Today has reached out to ExxonMobil, seeking more info on the Pecora-1 discovery. We will update the article if we get a response.

ExxonMobil is the operator of the giant Stabroek block offshore Guyana. The company has discovered more than 3.2 billion oil-equivalent barrels of recoverable resource on the Stabroek block, not including the recent Ranger and Pecora discoveries.