“Each new project supports economic development and access to resources that will benefit Guyanese communities while also helping to meet the world’s energy demand.”
A total of 14 oil blocks offshore Guyana are to be put up for auction next year, marking the country’s first competitive licensing round.
ExxonMobil (NYSE: XOM) has started up production at Guyana’s second offshore oil development on the Stabroek Block.
ExxonMobil has announced a “significant” oil discovery at the Whiptail field off Guyana.
ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.