ExxonMobil raised the amount of its estimated recoverable reserves in Guyana Monday by more than 30% to more than 8 billion boe, even excluding the just-announced latest discovery. Urau-1 is the 16th discovery at the offshore deepwater Stabroek block for the ExxonMobil-led consortium that includes Hess and China’s CNOOC, the partners said in separate press releases. The previous resource estimate for the block was more than 6 billion boe when it was raised from 5.5 billion boe last July. Moreover, analysts foresee many more discoveries and further increases to the 8 billion boe figure. “We see … another roughly 25 additional exploration prospects left to test on the block which leave room for […]