April 21st, 2019 – Georgetown, Guyana – ExxonMobil announces yet another remarkable discovery made in the Turbot area offshore Guyana, the 13th discovery to date, adding to the recoverable reserves currently at 5.5 bn BOE.
o Area: Turbot
o Well: Yellowtail-1
o Reservoir: 292ft (89m) of high-quality, oil bearing sandstone
o Reservoir Depth: 18,445ft (5,622m)
o Water Depth: 6,046ft (1,843m)
o Relative Location: 6 miles (10km) northwest of the Tilapia discovery
The Turbo area is located in the South East corner of the Stabroek block, an area 6.6 million acres (26,800 sq.km), just south of the Longtail discovery and south east of Liza, where the majority of ExxonMobil discoveries have been made. The discovery well, known as Yellowtail-1, is located towards the Northern tip of the Turbot area, approximately 6 miles northwest of the more recent Tilapia discovery.
The Turbot-1 discovery well on October 5th 2017 led to creation of the Turbot area. The Turbot-1 well encountered 75 feet of high-quality, oil-bearing sandstone. Yellowtail-1, by comparison, encountered 292 feet of similar reservoir, a remarkable discovery, one that continues to add to the estimates of recoverable resource. ExxonMobil is currently evaluating plans to add another exploration drillship, bringing the number operating offshore Guyana to four.
Says Lars Mangal, CEO of TOTALTEC, “ExxonMobil continues to find success in the Stabroek block, and as this continues we must do everything to ensure that local people, local content and transparent and equitable industry partnerships are pushed forward. As the discoveries continue, international interest in Guyana will only increase. Our message must be clear: Guyana is open for business, and welcomes all who seek to work sustainably, locally and inclusively.”
TOTALTEC Oilfield Services is focused on the success of the oil industry in Guyana for the benefit the country, its people, and partner companies. It does this through three areas: people, partnerships, and facilities. Qualified and motivated Guyanese develop through the Academy. Partnerships prioritize products and services that are starting points to grow from, in effectively introduce companies new to Guyana. The Guyana Shore Base facility is now supporting offshore operations.
The 94% Guyanese TOTALTEC workforce includes 8 nationalities with over 160 years of international oilfield experience. https://www.totaltec-os.com