ExxonMobil Hits Its 18th Oil Discovery Offshore Guyana

U.S. oil company ExxonMobil has made an oil discovery at the Redtail-1 well, offshore Guyana, Hess, Exxon’s partner in the prolific Stabroek Block has said.

This is the U.S. oil major’s 18th discovery offshore Guyana in the same block and will add the previously announced gross discovered recoverable resource estimate for the block of more than 8 billion barrels of oil equivalent.

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