ExxonMobil finds “significant” amount of oil offshore Guyana

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rig[www.inewsguyana.com] – ExxonMobil Guyana has announced that it has found a deposit of a significant amount of oil in the controversial Stabroek Bloc 120 miles offshore Guyana.

According to a statement from ExxonMobil the oil was discovered in one of the two wells it dug. The Liza-1 well encountered more than 295 feet of high-quality oil-bearing sandstone.

The well was “spud” on March 5, 2015 and the well data will be analyzed in the coming months to better determine the full resource potential.

“The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water. Stabroek Block is 6.6 million acres (26,800 square kilometers),” the statement noted.

In the statement, Stephen M. Greenlee, President of ExxonMobil Exploration Company says “I am encouraged by the results of the first well on the Stabroek Block…over the coming months we will work to determine the commercial viability of the discovered resource, as well as evaluate other resource potential on the block.”

 

4 COMMENTS

  1. find out who at GECOM got US$1M payoff
    Why u think the US push so quickly for elections results to be declared without 100% verification? They want to get our oil before Venezuela. When has the US ever shown any concern for Guyanese before?? Look how they rob poor Guyanese by taking thousands of dollars for the processing of a visitor’s visa and when they refuse them, have they ever given back a cent???? Now suddenly they are concerned about Guyana and Guyanese?? Gimme a break, open yr eyes bro!!!

  2. why accuse a people when u have no evidence, produce u r evidence if u r a true christian.Jesus said who is with out sin cast the first stone

  3. DON’T forget Jesus said who is with out sin cast the first stone.if u r a true christian u will; remember unless u evidence do not accuse any one of rong doings

  4. Well there is a God after all. Just in time of the change of government significant amount of oil is found offshore Guyana. The thieves cannot get their hands on the oil proceeds. Thank you Jesus.

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