EXXON - HAIMARA WELL UPDATE An update on Exxon's Haimara well (below). Interesting to note Exxon is prioritzing high potential prospects in close proximity to the Turbot area as to establish a material and efficeint field development program.
Furthermore, Exxon is also acquiring additonal seismic around the Turbot area...
Surely this has implications with CGX's Corentyne Block... Would be interesting to see if there is an eventual Exxon-CGX team up based on below.
ExxonMobil spins drillbit at Haimara
Jan 7, 2019
ExxonMobil has kicked off drilling of its latest wildcat at the prolific Stabroek block off Guyana after spudding the probe at the Haimara prospect. The Haimara-1 well is being drilled by drillship Stena Carron about 31 kilometres east of the recent Pluma-1 discovery in the south-eastern part of the block that marked the US operator’s tenth find in the tract where resources are now estimated at more than 5 billion barrels of oil equivalent.
It is the first of two exploration wells planned this month in the block with the second, Tilapia-1, to be drilled subsequently by drillship Noble Tom Madden five kilometres west of the earlier Longtail-1 discovery in the expanding Turbot area.
ExxonMobil Exploration president Steve Greenlee said the company and its partners “continue to prioritise high-potential prospects in close proximity to previous discoveries in order to establish opportunities for material and efficient development”. “Like the Liza and Payara areas, the Turbot area is on its way to offering significant development options that will maximise value for Guyana and our partners.”
ExxonMobil also plans to deploy a further seismic vessel from Petroleum Geo-Services (PGS) to acquire more 4D seismic in the block's Turbot area in a similar campaign to that conducted in 2017 on the Liza area that is now under development.
Last month, it saw seismic acquisition work suspended with another PGS vessel after intervention by the Venezuelan Navy in the north-eastern part of the block, though the vessel has now been released. ExxonMobil said drilling and development work off Guyana were unaffected by the incident, which occurred about 110 kilometres from its Ranger discovery in the south-eastern part of the block. Oslo-listed seismic contractor PGS said in a statement that its vessel Ramform Tethys would be deployed for the 4D survey at Stabroek, while the other vessel, Ramform Atlas, is no longer required by the client. Both vessels had originally been contracted by ExxonMobil for a total of 13 vessel months under a charter worth more than $75 million but have been on standby since 23 December “due to unresolved issues affecting the survey”, PGS stated. The contractor said it would receive payment from the client for mobilisation, work performed, standby and demobilisation of the vessel, which will now be redeployed on a multi-client programme or short contract shortly. It now expects the Ramform Tethys to be working at the Stabroek block for about three months.
Meanwhile, pipelaying activities are due to start this spring on phase one of the Liza field development at the block, with the converted Liza Destiny floating production, storage and offloading vessel scheduled for sailaway from Singapore’s Keppel Shipyard in the third quarter of this year.
Development drilling is ongoing at Liza Phase 1 using drillship Noble Bob Douglas, with subsea equipment also being prepared for installation at the project that is scheduled for start-up in early 2020 at a production rate of 120,000 barrels per day.
A second FPSO will be installed under phase two to lift output to 220,000 bpd on scheduled start-up in mid-2022, which will increase by a further 180,000 bpd when an additional FPSO is brought online under the third phase to develop the Payara discovery, due to kick off production in 2023. ExxonMobil believes the block could support at least five five FPSOs producing more than 750,000 bpd of oil by 2025. The US supermajor holds a 45% operating stake in the block, with partners Hess and CNOOC Nexen on 30% and 25%, respectively.