Page 8 - LatAmOil Week 41 2021

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The US-based super-major is currently carrying according to previous reports.
out a 37-well drilling project at Stabroek and has The US giant operates Stabroek as part of a
already spudded 15 of these wells, he stated. It consortium with the US independent Hess and
also aims to sink 12 new exploration wells each China National Offshore Oil Corp. (CNOOC).
at Canje and Kaieteur and will launch a new It is currently extracting around 125,000 barrels
drilling campaign at the latter site in March per day (bpd) of oil from the Liza-1 section of
2022, he noted. the block, which began production in Decem-
ExxonMobil has already applied to the Guy- ber 2019, and will add another 220,000 bpd to
anese government for authorisation to move output levels when it brings the Liza-2 site on
ahead with drilling work at Canje and Kaieteur, stream early next year. ™

Stabroek, Canje and Kaieteur may hold 15bn boe altogether (Image: ExxonMobil)

Cataback data seen helping ExxonMobil

choose another development target

THE US super-major ExxonMobil appears to to do to understand the fluids and to make sure
be giving serious consideration to including that we have a development plan that will work
Cataback, its latest oil discovery at the Stabroek [and] will be the most economic. But that is the
block offshore Guyana, in a future development work that we will go forward by.”
project. Routledge also drew attention to Exxon-
According to Alistair Routledge, the pres- Mobil Guyana’s impressive track record with
ident of ExxonMobil Guyana, data gathered respect to exploration at Stabroek, where it has
from the recently completed Cataback-1 well is made no less than 25 oil finds in the last six years.
expected to help determine the volume of crude “What everyone tends to forget is that this is still
contained within the areas immediately adja- truly frontier exploration in the deepwater,” he
cent to two other finds, Turbot and Tripletail. commented, according to OilNOW.gy. “For
“The Cataback discovery is located close to four decades, Guyana had been searching for oil
the Turbot and Tripletail discoveries, and so as and gas in its territory with no success, and then
we gather the resource in that area, it gives us the fortunately in 2015 we made the first discov-
critical mass [to develop a better understanding ery with the Liza well. The very second well we
of the reservoir],” Routledge said earlier this drilled at the Stabroek Block was unsuccessful.
week, according to a report from OilNOW.gy. “It So we forget that this is still frontier exploration
gives us the significance of volume in that area [and] very challenging. And yes, we’ve had a lot
[such] that we get the highest certainty that we of success, but that comes from the application
can make an economic development.” of a lot of technology and experience from other
He added: “We still have some more work similar basins from around the world.”

P8 www. NEWSBASE .com Week 41 14•October•2021