In what was described as its second biggest single oil reservoir find to date in Guyana’s waters, ExxonMobil has announced the discovery of 230 feet of high quality oil in its Ranger-1 well within the Stabroek Block, early January. The company has stated that the well was at the time being drilled by the Stena Carron drillship. Work on the Ranger-1 well had started last November and it was drilled to over 6,000 feet before Exxon made its discovery.
The well is 60 miles North West of the Liza phase one project.
The discovery of oil in this well is Exxon’s sixth in local waters since 2015. It is estimated that all these discoveries add up to more than 3.2 billion recoverable oil-equivalent barrels.
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