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U.S. oil giants fight over Guyana’s 11-billion barrel treasure trove

Oil & Gas 360º

Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Exxon is the operator of the block with a 45% stake. Hess and Chevron claim the JOA doesnt apply to a case of a proposed full corporate merger. Hess Corp, and CNOOC of China.

Barrel 130