ExxonMobil’s oil future looks even brighter here as sources say its Ranger 1 Well which is located in the Stabroek Block and where its subsidiary EEPGL began exploration drilling in October shows promise to be better than Liza and the other four wells that have unearthed commercial oil discoveries thus far.
“Ranger 1 has carbonate play meaning it has a carbonate reservoir feature and from preliminary interpretation of that exploration it has so far showed positive porosity for oil and gas…so yes the prelims are indeed better than at the other wells,” one source told Stabroek News.
However, the source was quick to point out that “it is too early to determine a lot of things” and that “much more testing and evaluation” needs to be done before confirmation on approximate oil and gas bearing capacity.
