IRVING, Texas – ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 Bboe and made its 16th discovery on the Stabroek block.
The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019. The Uaru discovery is the first of 2020 and will be added to the resource estimate later.
“With recent high-quality finds at Tripletail and Mako contributing to our recoverable resources, our investments will continue to provide benefits for the people of Guyana,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “The Uaru discovery is another positive step as we begin a new decade with the co-operative Republic of Guyana and our co-venturers.”
Ah really hope dem GUYANESE LEADERS doh BLOW THIS THING!!! I keep thinking that if they could keep it together without getting into a CIVIL WAR over the money -- the kind of STEELBAND PROGRAMS they could put together. They could become THE REAL MECCA OF THE STEELBAND. As long as it doh have no KEITH DIAZ and BEVERLEY RAMSEY-MOORE running their STEELBAND ORGANIZATION!!!
It looks like GUYANA has enough oil to REBUILD THE WHOLE CARIBBEAN -- how the WORLD TURNS!!!
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Starbroek News January 27, 2020
Steep rise in oil reserve seen as upping pressure for revamping of Exxon deal
"ExxonMobil yesterday said it has increased its estimated recoverable resource base in Guyana to more than eight billion barrels of oil-equivalent (BOE) and made a further oil find northeast of the producing Liza field.
The whopping eight billion BOE underlines the high stakes at the upcoming March 2 general elections and the challenge that the next administration will have in managing the sector.
The new BOE is roughly 33% above what had been declared as recently as December last year when Exxon made its 15th discovery at the Mako-1 well."