Exxon Mobil says oil discovery off Guyana is ‘significant’
Exxon Mobil Corp. confirmed on Wednesday that it has made what it calls a “significant” oil discovery off Guyana in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries.
The company and Guyana’s government had the 6.6 million acre area known as the Stabroek Block but has reasons to be optimistic.
“I am encouraged by the results of the first well on the Stabroek Block,” said Stephen M. Greenlee, president of Exxon water.
This would be the first significant oil discovery following decades of exploration within the territory of Guyana, a largely