gogechamberJul 6, 20211 min readWhy is finding oil outside of Stabroek block proving to be so challenging?U.S. oil major ExxonMobil hit pay on the very first well it drilled on the 6.6 million acres Stabroek block in 2015 and has maintained a success rate of around 80 percent ever since. But all efforts to find crude in commercial quantities outside of the Stabroek block have so far failed. Why?
U.S. oil major ExxonMobil hit pay on the very first well it drilled on the 6.6 million acres Stabroek block in 2015 and has maintained a success rate of around 80 percent ever since. But all efforts to find crude in commercial quantities outside of the Stabroek block have so far failed. Why?
EXXONMOBIL REPORTS TWO FURTHER OIL FINDS OFF THE COAST OF GUYANA. ExxonMobil has added two new development opportunities to its broad portfolio with the announcement of two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore of Guyana. Sin