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ExxonMobil uncovers two new discoveries in Guyana

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US-based oil major ExxonMobil added further to its string of oil discoveries offshore of Guyana in South America.

The new discoveries southeast of the Payara and Liza finds in the prolific Stabroek block, Kiru-Kiru and Seabob, take the company’s discoveries in the block to over 25, and they are the sixth and seventh this year alone.

According to ExxonMobil, which also makes industrial products like the Mobil Glygoyle range of gear, bearing and compressor oil, the Stena Carron drill ship drilled the well Seabob-1 in 1,421 metres of water, upon which it met with some 40 metres of hydrocarbon-bearing sandstone. The Kiru-Kiru-1 well encountered a similar find after being drilled in 1,756 metres of water by the Stena DrillMAX.

ExxonMobil Upstream Company President Liam Mallon said about the new discoveries:

“ExxonMobil and its partners continue to accelerate exploration, development and production activities for the benefit of all stakeholders, including the people of Guyana. The resources we are investing in and discovering offshore Guyana will provide safe, secure energy for global markets for decades to come.”

ExxonMobil is already actively producing crude oil from some previous finds. The Liza Destiny and Liza Unity floating production storage and offloading (FPSO) vessels have already surpassed the target of 340,000 oil barrels per day that was set for their initial production.

The Prosperity FPSO vessel is currently under construction for a third project named Payara, with this expected to come online by the end of next year, while a fourth project, called Yellowtail, is anticipated to become operational in 2025.

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