Tullow Oil Plans To Drill First Guyana Well In Third-Quarter Of 2019

Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third-quarter of next year in its Orinduik license bordering discoveries by ExxonMobil Corp. (NYSE: XOM), a spokesman said on Sept. 5.

Exxon and U.S. partner Hess Corp. (NYSE: HES) have said that more than 4 billion barrels of oil equivalent could be recovered from the Stabroek Block off Guyana, which is part of one of the world’s biggest oil discoveries in the past decade.