Even though the Canje block’s wildcat – Bulletwood-1 – did not result in a commercial discovery, ExxonMobil and its partners, Hess Corporation and CNOOC are still laser-focused on their exploration and appraisal work which will continue on the prolific Stabroek Block. Just recently, Hess Corporation’s Chief Operating Officer (COO), Greg Hill revealed that ExxonMobil, Operator of the offshore concession, will be spudding Koebi-1 in 30 days followed by Whiptail in May.
During his recent participation in the Credit Suisse 26th Annual Energy Summit that was held virtually, Hill said that Whiptail is “a very large structure” and depending on its success, the partners will determine the next order for exploration wells.