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EXPLORATION

ExxonMobil increases Guyana resource by 25%

ON the eve of its second quarter results ExxonMobil has updated its expectations for its Stabroek block, offshore Guyana, by 25% to four billion barrels of oil equivalent. 

Helen Clark
ExxonMobil increases Guyana resource by 25%

In June the supermajor announced an eighth discovery for its oil project, considered the largest find in a decade.    Production could now hit 750,000boepd.    "Continued success in Guyana and...

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