Exxon Is Ramping Up Activity In Offshore Guyana As The Economy Soars ...Middle East

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Exxon Is Ramping Up Activity In Offshore Guyana As The Economy Soars
source : OILPRICE ( Middle East ) () 49
With more than 35 oil discoveries since 2015 the impoverished South American microstate of Guyana has emerged as the world’s hottest frontier drilling location. Global energy supermajor ExxonMobil is leading the charge by exploiting the prolific offshore Stabroek Block where it has discovered over 11 billion barrels of oil resources. Guyana is on-track to become a leading South American oil producer and exporter with production tipped to exceed 1.2 million barrels per day by 2027, making it the world’s 16th largest petroleum producer.…

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