Exxon Mobil: Previously disclosed oil discovery in disputed area off Guyana is ‘significant’
Associated Press – MAY 20, 2015 — 3:55PM
GEORGETOWN, Guyana — Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a “significant” oil discovery off Guyana in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries.
The company and Guyana’s government had said May 7 that the exploration was showing promise but provided no details. Exxon Mobil now says it is still working to determine the commercial viability of the find at a site within the 6.6 million-acre area known as the Stabroek Block but has reasons to be optimistic. Continue reading