ExxonMobil has officially confirmed making the Pecora-1 oil discovery in the Starbroek block, offshore Guyana, and it already has plans on how it wants to develop the latest find.
To remind, Guyanese authorities issued a brief report of the discovery earlier today without providing much detail on the size of it.
In a subsequent announcement on Wednesday, Exxon said it had encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir.
Brazil Energy Insight 
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