ExxonMobil has made a deepwater discovery at the Payara-1 well in the Stabroek Block offshore Guyana, the company’s second in the block over the past 2 years. The latest well, drilled in a new reservoir, found more than 95 ft of high‑quality, oil-bearing sandstone. Situated about 10 miles northwest of ExxonMobil’s 2015 Liza discovery, Payara-1 was drilled to 18,080 ft in 6,660 ft of water. The company is drilling two sidetrack wells to evaluate the discovery. ExxonMobil is operator with a 45% interest in the block, with Hess (30%) and CNOOC Nexen Petroleum (25%) holding the remaining stakes.