Weeks after its major oil find at the offshore Ranger-1 well in the Stabroek Block, ExxonMobil’s local subsidiary is preparing to begin drilling at the Pacora-1 well site in the same area.
According to a notice to mariners from the Maritime Administration Department, which was published in yesterday’s Stabroek News, Esso Exploration & Production Guyana Ltd (EEPGL) will on January 25th begin a three-month drilling programme at the new well site.
Since 2015, EEPGL has made a string of finds in the Stabroek block. The latest estimates put oil reserves at around 3.2 billion barrels of oil.