Exxon-Mobil (Esso) has discovered hydrocarbons offshore- not sure if in commercial quantities -says Guyana government

Drill Ship ‘Deepwater Champion’
Demerara Waves – May 7, 2015: Esso exploration well, the Liza-1 on the Stabroek Block, using the drill-ship, Deepwater Champion located approximately 120 miles offshore Guyana, has encountered Hydrocarbons.
That is according to Minister of Natural Resources and the Environment, Hon. Robert M. Persaud during an interview reflecting on the performance of natural resources and environmental sectors.
However, he pointed out that it is too early to confirm whether there are commercial quantities of hydrocarbons, specifically light crude. Minister Persaud revealed that a full evaluation of the results is underway from the exploration company. Continue reading →
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