Page 10 - LatAmOil Week 10 2021

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ExxonMobil is now drilling the Koebi-1 exploration well (Image: ExxonMobil)

Meanwhile, she noted, representatives of the new shaft might be completed.
Guyana Revenue Authority (GRA) and the Liza-1 is one of 18 oilfields that ExxonMobil
country’s Environmental Protection Agency and its partners China National Offshore Oil
(EPA) are visiting the FPSO to conduct a rou- Corp. (CNOOC) and Hess (US) have discov-
tine inspection. ered at Stabroek to date. The block is believed
In related news, Persaud said separately on to hold more than 9bn barrels of oil equivalent
March 9 that ExxonMobil had begun drilling (boe) in recoverable reserves. Liza-1 came on
an exploration well at Koebi, another section of stream in December 2019, and Liza-2, which
the Stabroek block. She told OilNOW.gy that the will be developed by another FPSO called the
Stena Carron drillship had already spudded the Liza Unity, is scheduled to follow suit in 2022.
Koebi-1 well at a site about 218.5 km from the ExxonMobil aims to start production at a third
coast. As of press time, it was not clear when the section, Payara, in 2024. ™

ExxonMobil finds non-commercial

reserves in Bulletwood-1 well

EXXONMOBIL (US) and its partners have
reportedly failed to find commercial quantities
of crude oil or natural gas in Bulletwood-1, the
first exploration well drilled at the Canje block
offshore Guyana.
According to Jersey-headquartered West-
mount Energy, an indirect shareholder in Canje,
the US super-major used the Stena Carron drill-
ship to sink Bulletwood-1 in 2,846-metre-deep
water. It drilled the wildcat well to the planned
target depth of 6,690 metres and “encountered
quality reservoirs but non-commercial hydro-
carbons,” Westmount reported in a statement
last week.
The company did not comment on the size
of the find, saying only that it was of a size that
made commercial development uneconomical.
It did note, though, that the drilling programme
had confirmed that the Guyana-Suriname Basin ExxonMobil used the Stena Carron to drill Bulletwood-1 (Image: Stena Drilling)
petroleum system extended into the Canje
block. to share geological features with Liza-1, the only
ExxonMobil and the other investors in the producing oilfield at the neighbouring Stabroek
project had hoped to find up to 500mn barrels of block. (The US company also serves as operator
crude at the Bulletwood field, which is believed of Stabroek.)

P10 www. NEWSBASE .com Week 10 11•March•2021

A 160-km pipeline will pump gas from Liza-1 to the coast (Image: OilNOW.gy)