Exxon Mobil, Partners Strike Oil Offshore Guyana

The latest discovery was made by the Mako-1 well drilled about 10 km southeast of the Liza Field.

(Source: Hess Corp.)

(Source: Hess Corp.)

Seismic technology and a relentless exploration drive have led the Exxon Mobil Corp.-driven consortium to more oil offshore Guyana, bringing its discovery count to 15.

The latest discovery, made by the Mako-1 well, adds to the more than 6 billion barrels of oil equivalent of estimated recoverable resources found by Exxon and partners Hess Corp. and China’s CNOOC on the Stabroek Block. The news was delivered Dec. 23 just a couple of days after the partners announced the start of oil production from their Liza Phase 1 development.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access

Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers exploration and production.