ExxonMobil said last week it has added two oil and natural gas discoveries offshore Guyana in the prolific Stabroek block.

The Fangtooth-1 well, drilled in 6,030 feet of water, encountered 164 feet (50 meters) of oil-bearing sandstone reservoirs, the energy major said. The Lau Lau-1 well, in 4,793 feet of water, encountered 315 feet of hydrocarbon-bearing sandstone reservoirs. Fangtooth is about 11 miles northwest of the Liza field, while Lau Lau is 42 miles southeast of the field.

The two discoveries add to estimated recoverable resources for Stabroek, which extends across 6.6 million acres, at 10 billion boe. Fangtooth and Lau Lau bring total discoveries to around two dozen.

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