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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. Commenting on the Ranger-1 discovery, Guyana Minister of Natural Resources, Raphael Trotman said that: This is a most historic discovery for Guyana. Source: ExxonMobil.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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Exxon Mobil Corporation added 2.7 Liquids represented 57% of the reserves, up from 53% in 2016. Offshore Guyana, ExxonMobil has discovered recoverable resources, including current proved reserves and additional resources, estimated to be 3.2 Additional exploration drilling in Guyana is planned in 2018 on the 11.5

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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