ExxonMobil in new Guyana find

Guyana

IRVING, January 5, 2018 – ExxonMobil has discovered oil offshore Guyana, the super-major announced on Friday.

The Ranger-1 well in the Stabroek block, where ExxonMobil made the giant Liza discovery in 2015, struck about 70 metres of hydrocarbons deposits, the company said in a statement.

“This latest success operating in Guyana’s significant water depths illustrates our ultra deepwater and carbonate exploration capabilities,” said Steve Greenlee, president of ExxonMobil Exploration Company. “This discovery proves a new play concept for the 6.6 million acre [26,709-square-kilometre] Stabroek block, and adds further value to our growing Guyana portfolio.”

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