Why Exxon Is Doubling Down On Guyana’s Offshore Oil Boom ...Middle East

Global oil supermajor ExxonMobil is investing heavily in South America seeing it become the driving force behind Guyana’s offshore oil boom. The integrated energy company is reporting stunning successes in the offshore 6.6-million-acre Stabroek block where it is the operator and holds a 45% interest with partners Hess and CNOOC owning 30% and 25% respectively. Since 2015, Exxon has made a notable 20 oil discoveries in the Stabroek block, the latest being the June 2021 Longtail-3 discovery, giving the energy supermajor estimated recoverable…

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Why Exxon Is Doubling Down On Guyana’s Offshore Oil Boom ...Middle East

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