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ExxonMobil: makes new offshore oil discovery in Guyana

(CercleFinance.com) - US oil major ExxonMobil said on Monday that it has made a new oil discovery at a well in its Stabroek block offshore Guyana.

The discovery adds to the previously announced estimated recoverable resources of over 6 billion barrel of oil-equivalent on the block, Exxon said.

Drilled at over 2,000 metres water depth, the well has found approximately 33 metres of a high-quality oil bearing sandstone reservoir, the company added.

The Stabroek block is 26,800 square kilometres in area.

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