US based oil giant, Exxon Mobil Corporation announced today it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.
Turbot is ExxonMobil’s latest discovery to date in Guyana, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep.
Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect — an additional well on the Turbot discovery is being planned for 2018.
“ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well in August and encountered a reservoir of 75 feet of high-quality, oil-bearing sandstone in the primary objective,” said ExxonMobil in a statement.
The well was safely drilled to 18,445 feet in 5,912 feet of water on September 29.
“The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” said Steve Greenlee, president of ExxonMobil Exploration Company.
“ExxonMobil, along with its partners, will continue to further evaluate opportunities on the Stabroek Block,” he added.