ExxonMobil increases Guyana resource estimate by further 25%

EXXONMOBIL has made yet another oil discovery offshore Guyana and increased its estimate of the discovered recoverable resources for the Stabroek Block to more than five billion barrels of oil equivalent.

ExxonMobil increases Guyana resource estimate by further 25% ExxonMobil increases Guyana resource estimate by further 25% ExxonMobil increases Guyana resource estimate by further 25% ExxonMobil increases Guyana resource estimate by further 25% ExxonMobil increases Guyana resource estimate by further 25%

ExxonMobil carrying out seismic in Guyana. Image obtained: ExxonMobil gallery

 

The previous estimate was more than four billion barrels, which itself was a 25% increase announced in late July. 

 

This upgrade includes ...