ExxonMobil, Hess mark seventh oil discovery off Guyana

ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. encountered 65 ft of high-quality, oil-bearing sandstone following drilling at the Pacora-1 well offshore Guyana. The well was drilled to 18,363 ft in 6,781 ft of water. The oil discovery marks the seventh on the Stabroek block for the company. Drilling commenced on Jan. 29. 


Source: News