Guyana yields more discoveries
Two more finds have been made at the upstream frontier’s prolific Stabroek block
Partners ExxonMobil and New York-headquartered Hess have made two more discoveries at Guyana’s Stabroek block, increasing the number of discoveries made in the country this year to seven. The first discovery, Seabob 1, is around 19km southeast of the Yellowtail development and in waters 1,421m deep. The second, Kiru-Kiru 1, is about 5km southeast of the Cataback-1 discovery and in waters 1,756m deep. Together, the new finds will increase Stabroek’s resources beyond its previous recoverable resource estimate of 11bn bl oe. And there could be more to come. “We continue to see multibillion barrels of future exploration potential remaining,” says Hess CEO John Hess, while management describe Guy
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised