23 – 25 May 2022 | Rotterdam Ahoy

ExxonMobil announces two new oil discoveries in Guyana

ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recoverable resource estimate for the block, the U.S. supermajor said on Wednesday.

Exxon struck high-quality oil and hydrocarbon-bearing sandstone reservoirs at the Fangtooth-1 and Lau Lau-1 wells in the block off Guyana, which continues to be one of the U.S. corporation’s priority exploration and production areas for the next few years.

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Source: OilPrice.Com

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