ExxonMobil discovery Could Put Guyana on Oil, Gas Map

Exxon Mobil Corp.’s significant oil discovery offshore Guyana is the most exciting thing happening in terms of Latin America exploration right now, analysts with Wood Mackenzie told Rigzone in an interview.

The discovery is the first oil discovery in Guyana, and indicates that ExxonMobil’s strategic focus on ultra-frontier acreage is starting to pay dividends after a period of exploration under-performance. However, it will take months to ascertain the size and commercial potential of this discovery, Wood Mackenzie said in a May 21 press statement

S: rigzone