Stabroek Block Test By Exxon Mobil Adds 6 MMbbl of Oil

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Another offshore Guyana oil discovery was announced by Houston-based Exxon Mobil at #1-Mako, which is southeast of Liza Field in the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 Bboe on the Stabroek Block. The #1-Mako encountered approximately 164 ft of a high-quality, oil bearing sandstone reservoir. Area water depth is 5,315 ft. The Stabroek Block is 6.6 million acres. ExxonMobil is the operator and holds 45% interest in the block along with Hess Corp. (30%) and China National Offshore Oil (25%).