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Guyana announces significant oil discovery found in Stabroek Block

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A noteworthy discovery has been made as a result of the Lancetfish-2 appraisal well in the Stabroek Block, according to a statement released by the Ministry of Natural Resources on Thursday.

With this discovery, Guyana will have made four offshore discoveries in 2023, bringing the total number of discoveries made since 2015 to 46.

The earlier discoveries made in 2023 include Fangtooth SE-1 and Lancetfish-1 in the Stabroek Block, as well as the Wei-1 discovery in the Corentyne Block.

The Lancetfish-2 discovery in the Liza Petroleum Production License area has unveiled an estimated 20 metres of hydrocarbon-bearing reservoir, along with approximately 81 meters of additional hydrocarbon-bearing sandstone.

This newly discovered reservoir will undergo a comprehensive appraisal process, which aligns with the ongoing appraisal activities for other discoveries in the region.









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