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ExxonMobil announced two major oil discoveries and a gas discovery in Gulf of Mexico

June 09/2011

(Arabian oil and gas) -- ExxonMobil Corporation announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well. The drilling was ExxonMobil's first since US President Barack Obama imposed a six-month moratorium on further drilling following the Deepwater Horizon disaster and subsequent oil spill in 2010.


The world's largest publicly-traded oil & gas comapny struck a second oil accumulation in Keathley Canyon block 919, around 250 miles southwest of New Orleans in approximately 7,000 feet of water.


The well encountered more than 475 feet of net oil pay and a minor amount of gas in predominantly Pliocene high-quality sandstone reservoirs.


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