ExxonMobil made three oil discoveries offshore Guyana, increasing the recoverable resources of the Stabroek Block to 11 billion oil-equivalent barrels, the company announced in a statement Wednesday.
The three discoveries bring to five the discoveries made by ExxonMobil in Guyana in 2022.
The company said it remains committed to supplying affordable energy to meet increasing global demand.
Guyana’s Stabroek Block spans 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds a 45% interest in the block. Hess Guyana Exploration Ltd. owns a 30% share and CNOOC Petroleum Guyana Limited has a 25% interest.
By Sibel Morrow