Could Guyana Replace Venezuela As A Regional Oil Giant? ...Middle East

Guyana is continuing to build its reputation as the new oil hub of the Americas, with more oil firms seeking a stake in the country’s oil fields where it seems new discoveries are being made almost every month as exploration activities continue. International oil giants Hess, CNOOC, and ExxonMobil all have a stake in Guyana’s Stabroek Block where the firms have made significant discoveries over the last five years. Exxon alone claims to have made 20 discoveries, expected to contain around nine billion barrels of recoverable oil equivalent…

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