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ExxonMobil Announces 20th Oil Discovery Offshore Guyana

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ExxonMobil Announces 20th Oil Discovery Offshore Guyana

Oil company ExxonMobil on Wednesday announced the discovery of its 20th oil find offshore Guyana.    The latest detection was made at the Longtail-3 site in the Stabroek Block.   Vickram Bharrat, Guyana’s Minister of Natural Resources with responsibility for the Petroleum Sector, said the discovery will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be over nine billion oil-equivalent barrels.   He noted that the government anticipates that this new development will further increase the potential for more floating production storage and offloading vessels.

Luis Emilio Velutini Urbina