ExxonMobil announced that it has made a new discovery at Longtail-3 in Guyana. The well is located approximately two miles south of the Longtail-1 well, according to a press release.

The company elaborated that it encountered 70 meters of net pay including newly identified, high quality hydrocarbon after drilling operation.

On this regard, Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil commented “Longtail-3, combined with our recent discovery at Uaru-2, has the potential to increase our resource estimate within the Stabroek block, demonstrating further growth of this world-class resource and our high-potential development opportunities offshore Guyana,”
“We will continue to leverage our core competitive advantages in our ongoing exploration campaign, delivering substantial value to the Guyanese people, our partners and shareholders.” Cousins added.