American Oil Major, ExxonMobil made two discoveries at the Tilapia-1 and Haimara-1 wells in the southwest section of the Stabroek Block. This announcement was made this morning by Head of the Energy Department, Dr. Mark Bynoe.

Bynoe in a missive to the media said, “This continues to be positive news for the people of the Co-operative Republic of Guyana, but the real substance of these finds will come when all Guyanese are able to benefit from these discoveries, whether directly and/or indirectly.”

The Tilapia-1 is the fourth discovery in the Turbot area. These includes Turbot, Longtail and Pluma discoveries. Tilapia-1 encountered approximately 305 feet (93 metres) of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786 feet (5,726 metres) in 5,850 feet (1,783 metres) of water.  The well is located approximately 3.4 miles (5.5 kilometres) west of the Longtail-1 well, Dr. Bynoe disclosed.

“The rate of these finds remains well above industry standards and continues to allow for further de-risking of the deep and ultra-deep one, but we still have a substantial way to go before we can confidently say the one has been de-risked,” Dr. Bynoe said.

As for the 12th discovery at the Haimara-1 well, Dr. Bynoe said that it encountered approximately 207 feet (63 metres) of high-quality gas condensate-bearing sandstone reservoir. The well was drilled to a depth of 18,289 feet (5,575 metres) in 4,590 feet (1,399 metres) of water.

Located approximately 19 miles (31 kilometres) east of the Pluma-1 discovery, the Haimara -1 is deemed a potential new area for development. The Stena Carron drillship began drilling the well on January 3, 2019.

It was in December last that Dr Bynoe had announced that ExxonMobil made its 10th discovery offshore Guyana at the Pluma-1 well. That discovery had increased the estimated recoverable resource for the Stabroek Block to more than five billion oil-equivalent barrels.


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