Exxon Mobil makes 10th oil discovery offshore Guyana

United States oil giant ExxonMobil on Monday announced that another oil discovery has been made offshore Guyana, at the Pluma-1 well.

“This is great news for Guyana…the country is on the cusp of transformational development for current and future generations and the news of ExxonMobil’s 10th discovery offshore Guyana is expected to facilitate the country’s realisation of substantial social and economic improvements,” said an upbeat Dr. Mark Bynoe, the Director at Exxon Mobil’s Department of Energy. 

This latest discovery has increased the estimated recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.

The Pluma-1, which is located some 17 miles (27 kilometers) south of the Turbot-1 well and follows previous discoveries on the…

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