Page 8 - LatAmOil Week 35 2022

LatAmOil GUYANA LatAmOil

The Snoek and Mako fields will be connected to the Uaru FPSO via tie-backs (Image: Hess)
ExxonMobil has said that the vessel, with a 2022. Payara (along with the Pacora field) will
design capacity of 275,000 barrels per day (bpd), follow suit in late 2023 and Yellowtail (along
will be built to handle more oil than any of its with Redtail) in 2025. Uaru may begin produc-
four predecessors. It will be able to support the tion in late 2026.
operations of 76 production, water-injection ExxonMobil is the operator of Stabroek and
and gas-injection wells. has a 45% stake in the block. It is working at
The US super-major is currently developing the licence area through a consortium that also
only two section of Stabroek – Liza-1 and Liza-2. includes Hess, a US-based independent, with
However, it has made more than 25 commercial 30%; and state-run China National Offshore Oil
discoveries at Stabroek since it first struck oil at Corp. (CNOOC), with 25%. The partners have
Liza in 2015. determined that Stabroek contains more than
It launched Liza-1 in December 2019 and 11bn barrels of oil equivalent (boe) in recovera-
then brought Liza-2 on stream in February ble resources. ™

Recent finds at Stabroek make Orinduik

block more attractive, analyst says

EXXONMOBIL’S recent finds at the Sea-
bob-1 and Kiru-Kiru-1 exploration wells at the
Stabroek block offshore Guyana are good news
for Tullow Oil (UK/Ireland), the operator of the
neighbouring Orinduik block, according to Dr.
Michael Green, an analyst for the British consul-
tancy Align Research.
After speaking to Gil Holzman, the CEO of
UK-based Eco (Atlantic) Oil & Gas, a non-op-
erating partner in Orinduik, Green noted that
Seabob and Kiru-Kiru were on trend with the Tullow is planning to drill in Orinduik’s south-eastern corner (Image: Eco Atlantic)
drilling targets that Tullow had identified in the
south-eastern corner of Orinduik. This raises “Each discovery made in the Stabroek block
optimism about the exploration drilling cam- is extremely positive and helps Eco better target
paign that Tullow hopes to launch at the block, its next drilling campaign,” Green reported, in
he said. remarks quoted by OilNOW.gy.

P8 www. NEWSBASE .com Week 35 31•August•2022