Government hails Exxon Pinktail oil strike

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Government of Guyana on Thursday hailed the latest oil strike offshore Guyana by petroleum giant, Exxon Mobil.

The latest discovery was made at Pinktail Offshore Guyana, within the Stabroek Block.

The Pinktail well encountered high-quality hydrocarbon-bearing sandstone reservoirs at 67 meters within the Stabroek Block offshore Guyana. This discovery is in addition to EEPGL’s successful appraisal of the Turbot-1 and Turbot-2 discoveries at 13 meters and 23 meters respectively, which also encountered high-quality hydrocarbon.

In a statement the Ministry of Natural Resources said: “The Government of Guyana is confident that these additional discoveries will serve to further catapult Guyana’s monumental transition as a country with world-class discoveries of high-quality hydrocarbon. As such, the Government of Guyana remains committed and persistent in engaging all stakeholders towards the beneficial development of these resources for all Guyanese.”

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Government of Guyana has mandated the Ministry of Natural Resources and the Petroleum Sector regulatory agencies to enhance the oversight and management of the exploration programmes of all operators as we seek to further expand the sector through advancing commercial discoveries.



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