ExxonMobil Hikes Offshore Guyana Resource Estimate to 10 Billion Barrels, as Another Well Strikes Oil

U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels.  The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries... Continue Reading →

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