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ExxonMobil announces first oil discovery off the coast of Guyana and Petrobras is still awaiting an exploration license. know more
ExxonMobil, one of the global energy giants, held its first oil discovery in 2024 in the Bluefin well, located in the Stabroek block, off the coast of Guyana. Meanwhile, Petrobras waiting for release of the environmental license to drill a well on the coast of Amapá.
The discovery at the Bluefin oil well included about 197 feet (60 meters) of hydrocarbon-bearing sandstone, being drilled by the Stena Drillmax drilling rig in 4.244 feet (1.294 meters) of water. This discovery adds to more than 30 made in the Stabroek block since 2015, highlighting the region's potential for oil and gas development.
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Oil development potential
The discovery reinforces ExxonMobil's commitment to sustainable development of Guyana, using its technological and human capabilities to extract value safely and responsibly from the country's resources. The company hopes to contribute significantly to the local economy through the energy sector.
The president of ExxonMobil Guyana, Alistair Routledge, highlighted the importance of the discovery for the company exploitation and its vision to drive viable oil and gas development in the region. The discovery at the Bluefin well is a significant milestone for ExxonMobil and reinforces its position as a leader in the energy sector.
Environmental impact on the Guyana well
As ExxonMobil celebrates its discovery, Petrobras awaits release of the environmental license for drilling on the coast of Amapá. The delay in the process highlights the importance of carefully assessing the environmental impacts of oil exploration activities, ensuring the protection of marine ecosystems.
Future perspectives
With the discovery at the Bluefin oil well, ExxonMobil is optimistic about the future of the Stabroek block and Guyana as a whole. The company will continue investing in technology and training to maximize the oil and gas potential in the region, benefiting the local economy and driving sustainable development.
The discovery at the Bluefin well marks the beginning of a new chapter in ExxonMobil's history in Guyana, with expectations of contributing significantly to the country's energy sector and economic development.
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