Exxon Mobil operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corporation and China's CNOOC Ltd.
Exxon operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corporation and China's CNOOC Ltd. It began production at the block in 2019.The latest find continues the consortium's long string of discoveries in Latin America's newest crude-producing nation and underscores the importance of Guyana to Exxon for increasing its future oil output.
The Longtail-1 discovery in the Stabroek Block was drilled in 2018, encountering about 256 feet of high-quality, oil-bearing sandstone reservoir.
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