Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Exxon makes two more oil discoveries offshore Guyana

Published 02/06/2019, 09:07 AM
Updated 02/06/2019, 09:07 AM
© Reuters.  Exxon makes two more oil discoveries offshore Guyana
  • Exxon Mobil (NYSE:XOM) says it struck two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12.
  • The finds add to Stabroek's recently updated estimate of the discovered recoverable resource to more than 5B boe; XOM is operator and owns a 45% interest in the block, while partners Hess (NYSE:HES) holds a 30% interest and Cnooc (NYSE:CEO) has a 25% stake.
  • XOM sees potential for at least five floating, production storage and offloading vessels on the Stabroek Block producing more than 750K bbl/day of oil by 2025.
  • Now read: Exxon Mobil Fueled Its Earnings, Dividends And Stock Price Accelerated


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.