Exxon Mobil Says Two New Discoveries Made Offshore Guyana
February 06 2019 - 8:54AM
Dow Jones News
By Michael Dabaie
Exxon Mobil Corp. (XOM) said Wednesday it made two additional
discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells,
bringing the total number of discoveries on the Stabroek Block to
12.
The discoveries build on the previously announced estimated
recoverable resource of more than 5 billion oil-equivalent barrels
on the Stabroek block, Exxon said.
Exxon affiliate Esso Exploration and Production Guyana Limited
is operator and holds 45% interest in the 6.6 million-acre Stabroek
Block. Hess Corp.'s (HES) Hess Guyana Exploration Ltd. holds 30%
interest and CNOOC Petroleum Guyana Ltd, a wholly-owned subsidiary
of CNOOC Ltd (CEO), holds 25% interest.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
February 06, 2019 08:39 ET (13:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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