ExxonMobil's Midas touch
Guyana’s exploration success shows no sign of slowing. But the promise of oil revenues is also driving political division
Less than a year before ExxonMobil begins producing first oil from its offshore Liza field in Guyana, the firm's winning exploration streak shows few signs of breaking. In February, it revealed a further two discoveries, Tilapia and Haimara, taking its total to 12 major discoveries in the Stabroek block. The Tilapia discovery was made just 3.4 miles (5.5km) west of the Longtail well—the fourth in the Turbot area—and contains around 305ft of oil play. The Haimara find contains roughly 207ft of high-quality gas condensate sandstone reservoir, around 19 miles east of the Pluma discovery. Since the announcement, ExxonMobil has raised its gross recoverable resources in Stabroek to approximately 5
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