ExxonMobil and its partners announced their thirteenth discovery on the Stabroek block offshore Guyana. Yellowtail-1 encountered approximately 292 ft of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,445 ft in 6,046 ft of water. The well is approximately 6 miles northwest of the Tilapia discovery, and adds to the estimated recoverable resource of 5.5 billion BOE on the Stabroek block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major development hub. ExxonMobil affiliate Esso Exploration and Production Guyana is operator and holds 45% interest. Hess Guyana Exploration holds 30% interest and CNOOC Petroleum Guyana, a wholly-owned subsidiary of CNOOC, holds 25%.
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