HOUSTON, March 15 (Reuters) - Exxon Mobil ( XOM ) on
Friday disclosed a new oil and gas discovery in the prolific
Stabroek block offshore Guyana, the company's first announced
discovery in the South American country this year.
The Bluefin discovery joins more than 30 already since 2015
in the Stabroek block, an 6.6 million acre (26,800 square
kilometers) area that has been the site of more than 11 billion
barrels of recoverable oil and gas.
The Bluefin well, located in the southeastern portion of the
Stabroek block and drilled in 4,244 feet of water by the Stena
Drillmax drillship, encountered approximately 197 feet of
hydrocarbon-bearing sandstone, Exxon said.
The company did not estimate recoverable reserves from the
discovery.
"Our exploration program continues to improve our
understanding of the block's potential to drive viable
oil-and-gas development," said the head of Exxon's Guyana
operations, Alistair Routledge.
A consortium led by Exxon began crude output in Guyana in
2019, and has ramped up production to some 650,000 barrels per
day this year. The other members of the consortium are Hess Corp ( HES )
and CNOOC Ltd.
The group is considering its first offshore natural gas
production in Guyana, close to the country's maritime border
with Suriname, which could come from its seventh project in the
South American nation.