Oil Discoveries Made Guyana The World’s Fastest-Growing Economy ...Middle East

OILPRICE - Economy
Oil Discoveries Made Guyana The World’s Fastest-Growing Economy
source : OILPRICE ( Middle East ) () 30
In as little as eight years since ExxonMobil’s first offshore discovery in Guyana the impoverished former British colony has emerged as a major oil producer and exporter. In as little as four years, Exxon took the offshore 6.6-million-acre Stabroek Block from first discovery to first oil, an impressive achievement, especially when the complexities of deepwater drilling in a frontier oil basin are considered. The latest discoveries indicate that the Stabroek Block contains over 11 billion barrels of recoverable oil resources…

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