Exxon Makes Another Oil Discovery Offshore Guyana ...Middle East

ExxonMobil and its partner Hess announced on Tuesday a new oil discovery in the Stabroek Block offshore Guyana that would add to the already announced 9 billion oil-equivalent barrels in more than a dozen discoveries in the block. The latest oil discovery was made at the Uaru-2 well, which showed high-quality oil-bearing reservoirs, including newly-identified intervals below the original Uaru-1 discovery, Exxon said in a statement. The Uaru-1 discovery was announced in January 2020 and was the 16th discovery in the Stabroek Block. “The Uaru-2…

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