Exxon Doubles Down On World’s Hottest Offshore Play

by finance.yahoo.com posted 1month ago 6 views
The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of major oil discoveries in Guyana’s and neighboring Suriname’s offshore waters, notably in the 6.6-million-acre Stabroek Block in which global energy supermajor Exxon has a 45% interest with 30% and 25% held by Hess and CNOOC respectively. By April 2021 Exxon had calculated that it had nine billion barrels of recoverable oil equivalent resources in the Stabroek Block.

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