Georgetown, Guyana – (February 6, 2019) Director of Energy, Dr. Mark Bynoe, this morning, announced that the Stabroek Block Operator ExxonMobil has made its 11th and 12th discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells in the southwest section of the Stabroek Block.

“This continues to be positive news for the people of the Co-operative Republic of Guyana, but the real substance of these finds will come when all Guyanese are able to benefit from these discoveries, whether directly and/or indirectly,” he said.

In December, Dr. Bynoe announced that ExxonMobil made its 10th discovery offshore Guyana at the Pluma-1 well. That discovery had increased the estimated recoverable resource for the Stabroek Block to more than five billion oil-equivalent barrels.

The Tilapia-1 is the fourth discovery in the Turbot area that includes Turbot, Longtail and Pluma discoveries. Tilapia-1 encountered approximately 305 feet (93 metres) of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786 feet (5,726 metres) in 5,850 feet (1,783 metres) of water.  The well is located approximately 3.4 miles (5.5 kilometres) west of the Longtail-1 well, Dr. Bynoe disclosed. (DPI)