ExxonMobil led group develops1.3B barrel off shore Guyana field, AP reports

Another 1.3B barrels of recoverable oil reserves could be added to the 10B barrel Guyana-Surinam basin, with a major offshore oil field being developed ExxonMobil (XOM)-led consortium, wrote Bert Wilkinson for the Associated Press, citing comments from the Guyanese government. "The Uaru-Mako project currently under review could come on stream in the next three years, adding add as many as 63 more wells to the 30 already drilled in the Stabroek Block by the consortium, which also includes Hess (HES) and China’s CNOOC. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Shell (SHEL) and Total Energies (TTE). Reference Link