ExxonMobil in 10th Guyana find

ExxonMobil has struck hydrocarbons in the Pluma-1 well in the Stabroek block offshore Guyana, the super-major announced on Monday.

The discovery, ExxonMobil’s 10th in recent years, increased recoverable resources estimates at the block to 5 billion boe, the company statement added.

“Together with the government and people of Guyana, we are continuing to grow the value of the Stabroek block for Guyana, our partners and ExxonMobil with successful exploration investments,” Steve Greenlee, the president of ExxonMobil Exploration Company, said. “Our ongoing work will evaluate development options in the southeastern portion of the block, potentially combining Pluma with prior Turbot and Longtail discoveries into a major new development area.”

Source: https://www.theoilandgasyear.com/news/exxonmobil-in-10th-guyana-find/