ExxonMobil strikes more oil offshore Guyana
US oil giant ExxonMobil made its third significant discovery in its drilling explorations offshore Guyana.
ExxonMobil’s partner, Hess Corporation made this announcement in its third-quarter earnings on Wednesday, noting that the Liza 3 exploratory well’s net present value could be US$6.2 billion based on calculations from the Bank of Montreal (BMO) Capital Markets.
Liza 3, the fourth well spud by the super major, is in the Stabroek block, about 193 kilometres offshore Guyana. Continue reading