Exxon announces new oil find at Pinktail well

ExxonMobil this morning announced a discovery at its Pinktail well in the Stabroek Block, offshore Guyana, adding to the previous recoverable resource estimate of approximately 9 billion oil-equivalent barrels.

“The Pinktail well encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon-bearing sandstone reservoirs,” the company said in a statement.

Exxon also announced that in addition to the successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) of net pay in a newly identified, high-quality hydrocarbon-bearing sandstone reservoir separate from the 75 feet (23 meters) of high quality, oil-bearing sandstone reservoir pay encountered in the original Turbot-1 discovery well. It explained that this follows the additional pay in deeper reservoirs encountered at the previously announced Whiptail discovery.

See the entire article at Stabroek news