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BREAKING NEWS:

Hazloc Heaters
Hazloc Heaters

Exxon Mobil makes discovery at Pinktail, offshore Guyana


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These translations are done via Google Translate

Sept 9 (Reuters) – U.S. oil major Exxon Mobil Corp (XOM.N) said on Thursday it had made a discovery at Pinktail in the Stabroek Block offshore Guyana, as it develops one of the world’s most important new oil and gas blocks in the last decade.

Exxon operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp (HES.N) and China’s CNOOC Ltd (0883.HK).

The company said the new find would add to the previous recoverable resource estimate of 9 billion oil equivalent barrels, without specifying the size of the reserves in its latest discovery.

Separately, the company also said the Liza Unity floating production storage and offloading (FPSO) vessel set sail from Singapore to Guyana in early September.

The FPSO will be utilized for the Liza Phase 2 development and is expected to begin production in early 2022, with an output capacity of about 220,000 barrels of oil per day.

Reporting by Arunima Kumar in Bengaluru; Editing by Vinay Dwivedi


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