Director, Department of Energy, Dr. Mark Bynoe this morning announced that US oil company ExxonMobil has made its 10th discovery offshore Guyana at the Pluma-1 well.
A release from the Ministry of the Presidency said that this latest discovery has increased the estimated recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.
“This is great news for Guyana…the country is on the cusp of transformational development for current and future generations and the news of ExxonMobil’s 10th discovery offshore Guyana is expected to facilitate the country’s realisation of substantial social and economic improvements,” Dr. Bynoe said.
The Pluma-1, which is located some 17 miles (27 kilometers) south of the Turbot-1 well and follows previous discoveries on the Stabroek Block, encountered approximately 121 feet (37 meters) of high-quality, hydrocarbon-bearing sandstone, the release said.
The well was safely drilled to 16, 447 feet (5, 013 meters) depth in 3,340 feet (1,018 meters) of water. The Noble Tom Madden drillship began drilling on November 1, 2018.