EXPLORATION

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 carrying out seismic in Guyana. Image obtained: ExxonMobil gallery

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 a 10th discovery at the deepwater Pluma-1 well which spudded...

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