Exxon’s Hassa-1 Doesn’t Finds Hydrocarbons

(Energy Analytics Institute, 15.Jan.2021) — Texas-based ExxonMobil announced results of the Hassa-1 exploration well offshore Guyana in the Stabroek Block didn’t find hydrocarbons in the primary reservoir target.

“The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons in the primary target reservoirs,” an Exxon spokesperson told Energy Analytics Institute. “Geologic risk is inherent to frontier oil and gas exploration activities.”

Hassa-1 found hydrocarbons in other intervals, and evaluation of the data collected from the well is ongoing.

Exxon plans to integrate data from Hassa-1 into its regional subsurface interpretation and modeling, the executive said.

Guyana’s Stabroek Block spans 6.6 million acres (26,800 square kilometers) with current discovered recoverable resources estimated at more than 9 billion oil-equivalent barrels. The 18 discoveries on the block to date have established the potential for at least five FPSO vessels producing more than 750,000 barrels of oil per day by 2026.

“We remain committed to evaluating the potential in our offshore Guyana blocks using ExxonMobil’s world-class technology and technical capabilities,” the executive said.

The Noble Don Taylor drillship will now move to Liza phase 2 development drilling.

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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.