The oil and gas discoveries offshore South America’s Guyana continue to expand, with ExxonMobil making its 18th in the estimable Stabroek Block. 

The Redtail-1 well discovery may add to estimated Stabroek recoverable resources, which already stood at more than 8 billion boe. Stabroek covers an estimated 6.6 million acres (26,800 square kilometers). 

“Our Stabroek Block exploration program continues to identify high quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in Guyana,” said Senior Vice President Mike Cousins of Exploration and New Ventures. “Developing these projects remains an integral part of ExxonMobil and our co-venturers’ long-term growth plans and a source of significant value for...