Exxon Hasn’t Given Up on Shallow-Water Block Offshore Guyana ...Middle East

OILPRICE - Economy
Exxon Hasn’t Given Up on Shallow-Water Block Offshore Guyana
source : OILPRICE ( Middle East ) () 58
ExxonMobil and its partners in Guyana continue to discuss with the local government terms to develop a shallow-water block won in a 2022 auction, a spokesperson for the U.S. supermajor has told Reuters. The consortium of ExxonMobil and its partners, U.S. Hess Corp and China’s CNOOC has been pumping all the crude oil in Guyana, with production currently exceeding 600,000 barrels per day (bpd) from one offshore block—the Stabroek Block. The consortium is also interested in developing a shallow-water block offshore the South American country,…

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