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ExxonMobil makes three new discoveries offshore Guyana; increases Stabroek resource estimate to nearly 11B barrels

Green Car Congress

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022.

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

Green Car Congress

During the meeting, Woods highlighted progress on major upstream projects that are expected to help increase production to about 5 million oil-equivalent barrels per day by 2025. Those projects include plans to increase production in the Permian Basin to 1 million oil-equivalent barrels per day by 2024. —Darren Woods.