ExxonMobil Hikes Resource Estimate After 3 New Guyana Discoveries ...Middle East

ExxonMobil has increased its estimate of the gross discovered recoverable resource estimate for its Stabroek Block in offshore Guyana to 11 billion oil-equivalent barrels, thanks to three new discoveries at the site. This was increased from the previous estimate of 10 billion barrels.  Exxon stated that it had made hydrocarbon-bearing sandstone discoveries at the wells of Barreleye-1, Patwa-1 and Lukanani-1. This brings the company’s total discoveries this year to five in offshore Guyana, which included the discoveries at Fangtooth and…

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