ExxonMobil announced its tenth discovery offshore Guyana and its sixth discovery on the Stabroek Block in the past year.
The Pluma-1 well encountered c.121 feet of high-quality, oil-bearing sandstone reservoir and is located c.17 miles southwest of the Turbot-1 well and follows previous discoveries on the Stabroek Block at Liza, Liza Deep, Payara, Snoek, Turbot, Ranger, Pacora, Longtail and Hammerhead. The discovery adds to ExxonMobil's previous 4+ bnboe resource estimate which is now being increased to 5+ bnboe.
The drillship will next drill the Tilapia-1 prospect located 3.4 miles (5.5 kilometers) west of the Longtail-1 well, with ongoing work to evaluate development options in the southeastern portion of the block and potentially combining Pluma with the prior Turbot and Longtail discoveries.
Phase 1 of the development is underway, and will include 17 wells connected to a FPSO with 120mbopd capacity by early-2020.
Phase 2 is due to be sanctioned in early-2019 and will use a 220mbopd FPSO.
For Phase 3, ExxonMobil plans to use an 180mbopd FPSO, with first oil in 2023. FID for Phase 3 is expected in 2019, which is now further supported by the Pluma discovery.
ExxonMobil sees the potential for five FPSOs producing 750mbopd by 2025 offshore Guyana.
#ExxonMobil #Guyana #Pluma #Liza #Stabroek
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