 Pacora-1 well encounters approx. 65 feet of high-quality, oil-bearing sandstone High quality resources to be integrated into giant Payara field development Further drilling on the Stabroek Block planned in 2018 ExxonMobil has announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approx. 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. Drilling commenced on Jan. 29, 2018. 'This latest discovery further increases our confidence in developing this key area of the Stabroek Block,' said Steve Greenlee, president of ExxonMobil Exploration Company. 'Pacora will be developed in conjunction with the giant Payara field, and along with other phases, will help bring Guyana production to more than 500,000 barrels per day.' The Pacora-1 well is located approx. four miles west of the Payara-1 well, and follows previous discoveries on the Stabroek Block at Liza, Payara, Liza Deep, Snoek, Turbot and Ranger.The Pacora-1 well is located approx. four miles west of the Payara-1 well in the Stabroek block Following completion of the Pacora-1 well, the Stena Carron drillship will move to the Liza field to drill the Liza-5 well and complete a well test, which will be used to assess concepts for the Payara development. ExxonMobil announced project sanctioning for the Liza phase one development in June 2017. Following Liza-5, the Stena Carron will conduct additional exploration and appraisal drilling on the block. The Stabroek Block is 6.6 million acres (26,800 sq kms). Esso Exploration and Production Guyana is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration holds 30 percent interest and CNOOC Nexen Petroleum Guyana holds 25 percent interest. Original article link Source: ExxonMobil 
Pacora 1 op. by ExxonMobil (45%, Hess 30%, CNOOC Nexen 25%) in the Stabroek block, reportedly discovery (7th in block), struck 20m of what Hess termed "high-quality, oil-bearing sandstone reservoir".