Yellowtail-1, ExxonMobil’s 13th discovery offshore Guyana

(Photo via DPI)
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(Department of Public Information) ExxonMobil has made its 13th discovery offshore Guyana at the Yellowtail-1 Well. This disclosure was made by Director of Energy, Dr. Mark Bynoe, on Thursday, who assured his department will be relentless in ensuring that returns are optimised from these resources for all of Guyana.

In a release, Dr. Bynoe noted that “Guyana continues to receive positive news with the announcement of these oil finds offshore, the real substance of these finds will accrue only when citizens are able to benefit directly or indirectly from these discoveries.”

Yellowtail-1 is the third discovery for 2019 and represents the 5th discovery in the Turbot area, where ExxonMobil is evaluating its potential as an additional development hub.

The well encountered approximately 292 feet (89 metres) of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,445 feet (5,622 metres) in 6,046 feet (1,843 metres) of water. It is located approximately 6 miles (10 kilometres) northwest of the Tilapia discovery.

Read more at: Department of Public Information

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