en.Wedoany.com Reported - Occidental Petroleum has acquired a 10% working interest in ExxonMobil's TTUD-1 exploration block offshore Trinidad and Tobago, a move reflecting sustained industry interest in this emerging frontier adjacent to the Guyana-Suriname Basin.

The TTUD-1 block, located northwest of Guyana's Stabroek block, covers a vast ultra-deepwater area with water depths ranging from 2,000 to 3,000 meters. ExxonMobil and its partners have reported over 30 discoveries and billions of barrels of recoverable resources in the Stabroek block.

This transaction is part of a broader strategy among major oil companies to share exploration risk in high-cost deepwater frontiers. Since assuming operatorship in August 2025, ExxonMobil has continued to lead seismic acquisition in the block, with data collection expected to be completed by July 2026 and full interpretation targeted for year-end.

Geologically, the area is notable for its proximity to the Stabroek trend and similar structures along the Guyana-Suriname-Trinidad margin. The block is considered highly prospective, though its resource potential remains speculative at this stage, often drawing comparisons to ExxonMobil's deepwater portfolio in Guyana and Angola.

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