By Michael Dabaie

 

Exxon Mobil Corp. (XOM) said Wednesday it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12.

The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block, Exxon said.

Exxon affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the 6.6 million-acre Stabroek Block. Hess Corp.'s (HES) Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Ltd, a wholly-owned subsidiary of CNOOC Ltd (CEO), holds 25% interest.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

February 06, 2019 08:39 ET (13:39 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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