U.S. oil giants fight over Guyana’s 11-billion barrel treasure trove
Oil & Gas 360º
MAY 28, 2025
Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. The high-volume, low-cost development offshore the South American country, which started production just five years ago, is already pumping more than 660,000 barrels per day (bpd) of crude.
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