ExxonMobil Announces Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to 6,450 meters
ExxonMobil Announces Oil Discovery Offshore Nigeria
Exxon Mobil Corporation announced a discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on September 23, encountered about 140 meters of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 157 meters of oil-bearing sandstone reservoir. “We are encouraged by the results and will work with our partners and the government on future development plans,” said Stephen M. Greenlee, president of
ExxonMobil Starts Oil Production at Erha North Phase 2 Project
Exxon Mobil Corporation announced today that its subsidiary, Esso Exploration and Production Nigeria Limited, started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria. The Erha North Phase 2 project is a deepwater subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the Erha field, which has been producing since 2006. The Erha North Phase 2 project includes seven wells from three drill centers tied back to the existing Erha North floating production, storage and offloading vessel, reducing additional infrastruct
Production Begins at Sakhalin-1 Arkutun-Dagi Field
Exxon Mobil Corporation has begun production at the Sakhalin-1 project’s Arkutun-Dagi field, the last of the three fields to be developed. Peak daily production from the field is expected to reach 90,000 barrels, the company said. The field, located off the northeast coast of Sakhalin Island in the Russian Far East, will bring total daily production at Sakhalin-1 to more than 200,000 barrels. The other two fields, Chayvo and Odoptu, began production in 2005 and 2010, respectively. Production from Sakhalin-1’s Arkutun-Dagi field will be routed through the existing Chayvo
World Petroleum Congress to be held in Moscow
in Moscow from 15 – 19 June 2014. The congress will be the largest international event in the global oil and gas industries. Confirmed speakers include: HE Ali Al Naimi, the Minister of Energy and Natural Resources of Saudi Arabia Rex Tillerson, Chairman of the Board of Directors at Exxon Mobil Corporation HE Abdalla Salem El-Badri, the OPEC Secretary General Robert Dudley, Chairman of the Board, BP Maria van der Hoeven, the Executive Director of the IEA Dr. Daniel Yergin, Vice Chairman, IHS Over 500 other industry leaders and decision makers. The recent geopolitical situation
February 2024
