Liza1 well was the first significant oil find offshore Guyana. It encountered more than 295 feet (90 meters) of highquality oilbearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water. The Payara discovery was announced in January 2017. Payara is ExxonMobil's second oil discovery in the Stabroek Block. The Payara 1 well .