Exxon going after key wells in Stabroek Block before year end -HessPresident

further appraisal work and potential developments in the Stabroek Block, after operationaldelaysduetothe COVID-19pandemic.

and Production Guyana Limited(EEPGL),hadmade the Fangtooth-2 discovery lastyear.Itwassosignificant thatthe partners are keen on using it for their seventh developmentproject.

They did further exploration and made another significant discoveryatFangtoothSE-1 earlier this year, then Lancetfish-1.Itislikelythat Lancetfishwillbedeveloped jointlywithFangtooth.

Additional exploration activities are also slated for the southeastern portion of the Stabroek block, including drilling the Blue Fin prospect, located roughly six miles southwest of Haimara-1. Haimara, and the general area near the border with Suriname, is saturatedwithgasreserves.

This exploration posture mayindicateExxonMobilis ready for a standalone gas development.

Theseeffortsformpartof an ongoing 25-well exploration and appraisal campaign. Later, EEPGL is expected to commence another campaign of 35 wells. The Environmental Protection Agency (EPA) approved the new campaign recently

The exploration license for the Stabroek Block was recently extended by one year until October 2027, according to Vice President, Dr Bharrat Jagdeo The extension will provide ExxonMobil more time for