ExxonMobil has failed in its effort to find oil offshore Liberia. According to Canadian Overseas Petroleum Limited (COPL), ExxonMobil’s partner in the Mesurado-1 well, the well is dry, Offshore Energy Today reported.
The deepwater exploration well, located about 80km off Liberia on block LB-13 in around 2,500 meters of water and targeting oil in a sequence of Late Cretaceous Santonian aged sands, intersected 145 meters of net sand of which 118 meters was deemed to be reservoir quality. However, no hydrocarbons were indicated by the logging while drilling operations performed across the targeted intervals, informed Offshore. Accordingly, ExxonMobil will not be conducting any further logging operations and the well will be plugged and abandoned.
COPL’s CEO, Arthur Millholland, said: “The lack of hydrocarbons at this location where our seismic data presented attributes indicative of hydrocarbons will cause us to do additional work on the 3D seismic over the Block, and reevaluate the other leads we have mapped on LB-13.”