ExxonMobil announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil's second oil discovery on the Stabroek Block and was drilled in a new reservoir. The well encountered more than 29 m of high-quality, oil-bearing sandstone reservoirs. It was drilled to 5512 m in 2030 m of water. The Payara field discovery is about 16 km northwest of the 2015 Liza discovery. In addition to the Payara discovery, appraisal drilling at Liza-3 has identified an additional high quality, deeper reservoir directly below the Liza field, which is estimated to contain between 100-150 million boe. This additional resource is currently being evaluated for development in conjunction with the world-class Liza discovery.
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