Green Car Congress

OCTOBER 2, 2020

ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels. —Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company.

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Green Car Congress

JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. Wood Mackenzie currently expects around 350,000-400,000 b/d of oil production (just oil, not factoring in natural gas) by 2026 from there. Hess Guyana Exploration Ltd.

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Green Car Congress

JUNE 17, 2017

Exxon Mobil Corporation will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. Gross recoverable resources for the Stabroek block are now estimated at 2 billion to 2.5 The development received regulatory approval from the government of Guyana.

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Green Car Congress

FEBRUARY 9, 2018

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. Offshore Guyana, ExxonMobil has discovered recoverable resources, including current proved reserves and additional resources, estimated to be 3.2 Resource Base. Exxon Mobil Corporation added 2.7 ExxonMobil added 9.8

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Green Car Congress

MARCH 17, 2020

Woods the had also outlined progress on key projects that support ExxonMobil’s growth plans, including: In Guyana, the estimated gross recoverable resource from the Stabroek Block increased to more than 8 billion oil-equivalent barrels, in part as a result of six additional discoveries made in 2019 and 2020.

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Green Car Congress

MAY 30, 2019

In Guyana, ExxonMobil recently announced the 13 th discovery on the Stabroek block, adding to the previously estimated 5.5 billion barrels of discovered recoverable resource. Guyana’s first oil production is on track for early next year, five years after discovery. In Brazil, the company has acquired 2.3

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