ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has drilled two more wells within the Hammerhead area of the Stabroek Block and the results thus far were “positive.”
This update was provided by Neil Chapman, ExxonMobil Corporation’s Senior Vice President during his firm’s most recent conference call with investors.
The official reminded that it was last year August that ExxonMobil made the Hammerhead discovery, its ninth at that time, which opened a new play concept for potential development. The Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,773 feet (1,150 meters) of water. The Stena Carron drillship began drilling that well on July 27, 2018.
Chapman said, “We’ve now drilled three wells in Hammerhead and I would describe the results as reinforcing the high-quality reservoirs. We are in communication, the press is in communication which means very good connectivity which, again, suggests that there’s good news development planning. As for appraisal drilling, we’re going to be doing some appraisal drilling on Ranger, which we’ve not quantified yet.”
The Senior Vice President said that the Ranger which was discovered in January 2018 turns out to be a large carbonate structure while noting that the next significant update, in terms of the outlook for production, will be provided until next year March.
