Guyana Strikes Oil Again

• ExxonMobil and partners on Stabroek have made a “significant discovery” at the Lancetfish-2 appraisal well, offshore Guyana.
• The Guyana government said this was the fourth find this year and the total, since 2015, of 46. Other finds this year are the Fangtooth SE-1 and Lancetfish-1 on Stabroek, in addition to the Wei-1 discovery in the Corentyne Block.
• Most findings have been at Exxon's prolific Stabroek block, where oil production was inaugurated in 2019. The 6.6 million-acre (26,000-square km) block is expected to generate up to 1.2 million barrels of oil and gas per day by 2027.
• “This newly discovered reservoir will undergo a comprehensive appraisal process, which aligns with the ongoing appraisal activities for other discoveries in the region,” the government of Guyana said.

(Source: Energy Voice)