Exxon Mobil Corp. and partners have increased the recoverable resource estimate on the prolific Stabroek Block offshore Guyana to more than 8 billion barrels of oil equivalent (Bboe), excluding resources from their first discovery of the year.

The company said Jan. 27 that the Uaru exploration well made the 16th discovery on the block, hitting about 29 m (94 ft) of high-quality oil-bearing sandstone reservo

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