Monday, May 16

Exxon makes three new discoveries in Guyana and increases oil reserves

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HOUSTON — Exxon Mobil Corp on Tuesday said it has made three new discoveries offshore Guyana.

The US oil producer also increased its estimate of the recoverable resources for Guyana’s Stabroek Block to nearly 11 billion oil-equivalent barrels from more than 10 billion barrels. (Reporting by Sabrina Valle Editing by Chris Reese)

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