US oil giant ExxonMobil said yesterday that it had struck oil after drilling a new well offshore Guyana.
The firm said the Snoek well confirmed a new discovery on the Stabroek block.
Snoek is in the southern part of Stabroek, about five miles to the south-east of the 2015 Liza-1 discovery.
Following completion of the Snoek well, the Stena Carron drillship has moved back to the Liza area to drill the Liza-4 well.
ExxonMobil Exploration’s president, Steve Greenlee, said: “The latest discovery at Snoek demonstrates the continued success we have achieved in this technically complex play, which is just part of the significant exploration province offshore Guyana.
“As we continue to evaluate the full potential of the broader Stabroek Block, we are also taking the necessary steps to ensure the safe, cost-efficient and responsible development of this world-class resource, which can provide long-term, sustainable benefits to the people of Guyana.”
ExxonMobil affiliate Esso Exploration and Production Guyana operates and holds a 45% stake in the Stabroek Block.
Hess Guyana Exploration holds 30% and CNOOC Nexen Petroleum Guyana holds 25%.