MercoPress, en Español

Montevideo, November 19th 2017 - 16:11 UTC

Tag: Steve Greenlee

  • Friday, July 28th 2017 - 06:00 UTC

    Exxon puts Guyana on the world oil map with another major discovery

    The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels

    Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.

  • Monday, July 4th 2016 - 09:56 UTC

    Exxon-Mobil-Hess confirm that off Guyana coast oil discovery is largest in two years

    The Liza field could turn out to be the largest oil discovery reported in two years and the companies say that it could cost US$18 billion to develop.

    ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, in the north of South America and bordering with Venezuela, is a discovery that is much larger than previously expected.