ExxonMobil has made another oil discovery on the Stabroek Block offshore Guyana, its 20 th significant crude discovery on the block, the U.S. supermajor and its partner on the block, Hess Corp, said on Thursday. The Pinktail well on the Stabroek Block found high-quality hydrocarbon-bearing sandstone reservoirs, Exxon said, adding that the latest discovery lies some 21.7 miles southeast of the Liza Phase 1 project, which began production in December 2019, and 3.7 miles southeast of the Yellowtail-1 discovery. The Pinktail discovery will add to the previous recoverable resource estimate of approximately 9 billion oil-equivalent barrels, Exxon says. “We are happy to announce our 20th significant discovery on the Stabroek Block, which will add to the discovered recoverable resource estimate of more than 9 billion barrels of oil equivalent,” Hess Corp CEO John Hess said in a statement . Exxon is the operator of the Stabroek Block with a […]