HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PAY HERE

Providing coverage of Alaska and northern Canada's oil and gas industry
September 2018

Vol. 23, No.36 Week of September 09, 2018

Latest Hammerhead discovery 4B barrels

Kay Cashman

Petroleum News

ExxonMobil has named its latest oil discovery Hammerhead, but instead of being offshore Alaska’s North Slope, this Hammerhead is offshore the tiny South American nation of Guyana.

The 4 billion-barrel discovery was announced Aug. 30 by Exxon, which noted Hammerhead was its ninth offshore Guyana discovery.

According to a recent statement by Wood Mackenzie, a trusted source of commercial information about the world’s natural resources, Exxon’s exploration success in the last few years has been 82 percent and established the Guyana basin as one of the world’s offshore exploration hot spots.

Alaska’s Hammerhead, renamed Sivulliq by Shell in 2016, straddles an area north of the boundary between state-owned North Slope land and ANWR’s 1002 area. In the western part of Camden Bay, the federal prospect is northeast of Exxon’s Point Thomson field and has a known oil pool between 100 million to 200 million barrels in size, per a well drilled by Unocal in the mid-1980s.

Because it was too far from infrastructure at the time - not the case today - the reservoir has not been delineated.

In 2012, Shell started drilling an exploration well at Hammerhead but was only able to complete the top hole section of the well.

Arctic Slope Regional Corp.’s exploration arm, AEX, has since acquired the leases from Shell.

- KAY CASHMAN






Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)Š1999-2019 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law.