ExxonMobil resumes drilling operations at exploration well offshore Guyana

Jabillo-1 is the second of three exploration wells scheduled for drilling on the Canje block in 2021. Previously published information indicates that Jabillo-1 is a circa 1000 MMbbl oil prospect targeting a Late Cretaceous, Liza-age equivalent, basin floor fan.

Westmount holds an indirect interest in the Canje block as a result of its circa 7.7% interest in the issued share capital of JHI Associates Inc. (JHI). Following a 2018 farm-out to Total, JHI is carried for the drilling of the Jabillo-1 well and is funded for the drilling of additional wells.

The Canje block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with Total (35%), JHI (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners.

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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/07062021/exxonmobil-resumes-drilling-operations-at-exploration-well-offshore-guyana/