18 Sep, 23

Exxon Is The Biggest Winner In Guyana’s Epic Oil Boom

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South American microstate Guyana recently emerged as what is being described as the world’s hottest offshore frontier oil play. A consortium led by ExxonMobil controls Guyana’s prolific offshore 6.6-million-acre Stabroek Block, where more than 30 world-class oil discoveries have been made and lies at the heart of the former British colony’s burgeoning oil boom. Exxon, the operator of Stabroek, holding a 45% interest with 30% held by partner Hess and the remaining 25% by Beijing-owned CNOOC, is ideally positioned to be the…

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