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ExxonMobil has revised upward its estimate of recoverable resources offshore Guyana by 2 billion barrels of oil equivalent to 8 billion oil-equivalent barrels, the U.S. supermajor said on Monday, also announcing its 16th oil discovery on the Stabroek Block. The recoverable resource base of 8 billion oil-equivalent barrels includes the fifteen previous discoveries that ExxonMobil and its partners had made offshore Guyana until the end of 2019. The new discovery, at the Uaru well, is just 10 miles northeast of the Liza oilfield, which is already…

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