Recoverable resource estimate for Stabroek block increased

The updated resource estimate includes another significant discovery on the Stabroek block at the Cataback well. The well encountered 243 ft (74 m) of net pay in high quality hydrocarbon bearing sandstone reservoirs of which 102 ft (31 m) is oil bearing. Cataback is located approximately 3.7 miles (6 km) east of Turbot-1 and was drilled in 5928 ft (1807 m) of water by the Noble Tom Madden.

CEO John Hess said: “We are pleased that Cataback is our 21^st significant discovery on the Stabroek Block and further underpins the potential for future developments. We continue to see multibillion barrels of additional exploration potential remaining on the block.”

The Stabroek block is 6.6 million acres (26 800 km²). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

Read the latest issue of Oilfield Technology in full for free: Issue 3 2021

Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.

Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/07102021/recoverable-resource-estimate-for-stabroek-block-increased/