Exxon Mobil Discovers Additional Oil in Payara Reservoir

Exxon Mobil Discovers Additional Oil in Payara Reservoir

Exxon Mobil shares were over 1% higher Tuesday morning after the oil major said it discovered additional oil in the Payara reservoir in offshore Guyana, increasing the total oil discovery in the reservoir to approximately 500 million oil-equivalent barrels. The well results also increased the estimated gross recoverable resource on the Stabroek Block to between 2.25 billion and 2.75 billion oil-equivalent barrels. ExxonMobil affiliate Exploration and Production Guyana Limited is […]

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