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Double oil strike | Exxon, Tullow in new discoveries

Guyana Chronicle TWO separate oil finds offshore Guyana were announced on Monday by Tullow Oil plc’s (Tullow) and ExxonMobil which both stated that the finds of high-quality oil-bearing sandstone reservoirs bode well for the future of Guyana.

The first was announced at 02:00 hours by Director of the Department of Energy, Dr. Mark Bynoe who informed that the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin.


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