Exxon Withdraws From Small Oil Exploration Block Offshore Guyana ...Middle East

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ExxonMobil and its partner Hess Corp have withdrawn from the Kaieteur exploration block offshore Guyana as they pursue more prolific opportunities in the bigger and highly productive Stabroek block. “Our withdrawal from the Kaieteur block has no impact on our commitment to seeking further exploration and development opportunities and to generating additional value for the government and people of Guyana,” Exxon has said in a statement carried by Reuters. Kaieteur is around half the acreage of the Stabroek block, where Exxon and Hess…

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