PESA WA July Evening talk: Guyana – 10 billion barrels and counting
In 2015 ExxonMobil discovered oil in the Stabroek Block in the deep water of Guyana, South America. Subsequent discoveries have resulted in announced reserves of 10+ billion barrels. First oil commenced in December 2019 with a second development coming online February 1922. Current production capacity is 340,000 barrels per day with additional developments in progress.
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