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Exxon s Jabillo disappoints, Sapote up next off Guyana
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Westmount Energy Ltd (AIM:WTE) | RNS | Westmount Energy Ld
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ExxonMobil (XOM) Resumes Jabillo-1 Drilling Offshore Guyana Zacks.com 2 hrs ago
Exxon Mobil Corporation XOM recently resumed drilling the Jabillo-1 well, offshore Guyana. The company is using Stena Carron, a sixth-generation harsh environment drillship, at the wellsite located in the Canje Block.
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This year, ExxonMobil intends to drill three wells in the Canje Block, wherein it plans to replicate the success from the Stabroek Block. The company has made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. It estimates gross recoverable resource of 9 billion oil-equivalent barrels from the block. Moreover, the integrated energy major projects daily oil production volumes of more than 800,000 gross barrels by 2025.