gogechamberMay 61 min readGlobal oil reserves falling at alarming rate even as Guyana adds big volumes.Guyana accounts for over 70% of ExxonMobil’s new proven reserves placing it way ahead of its peers for new discovered volumes. However, Norway-based Rystad Energy is sounding an ominous warning that Big Oil could see proven reserves run out in less than 15 years if output is not replaced by new discoveries.
Guyana accounts for over 70% of ExxonMobil’s new proven reserves placing it way ahead of its peers for new discovered volumes. However, Norway-based Rystad Energy is sounding an ominous warning that Big Oil could see proven reserves run out in less than 15 years if output is not replaced by new discoveries.
