Exxon Appraisal Well Discovers Large Oil, Gas Deposits in Guyana
6/27/2016
GEORGETOWN, Guyana (AP) — Officials in the South American country of Guyana say Exxon Mobil has found large deposits of oil and gas in a recently drilled appraisal well.
Energy Minister Raphael Trotman told The Associated Press on Monday that the company will drill another well in upcoming months. Officials have said Exxon Mobil previously drilled another well last year that they believe could contain at least 700 million barrels of oil.
The company’s drill site is located some 150 miles offshore from Guyana’s east coast.
British petroleum giant Tullow Oil PLC and Repsol of Spain also have been exploring the area.
Related News
Related News
Sign up to Receive Our Newsletter
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments