For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.
Oil exploration efforts have intensified following the discovery of commercial quantities of oil in Guyana’s Maritime Zone. Esso Exploration and Production Guyana Ltd. (EEPGL) has commenced a meteorological and oceanographic survey in the Stabroek Block, scheduled to be completed during May 2018.
Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.
Exxon Mobil says plans are in place to start exploratory drilling in Guyana this month. In a release it was disclosed that the Guyana Minister of Natural Resources Robert Persaud, met with Chuck Calavan, ExxonMobil Vice President of US and Latin America and Jeff Simon, Country Manager, ESSO.