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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Exxon Mobil Corp | NYSE:XOM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.24 | -0.21% | 116.00 | 116.07 | 114.13 | 116.04 | 28,043,329 | 01:00:00 |
From May 2019 to May 2024
By Micah Maidenberg
Exxon Mobil Corp. (XOM) said Monday it discovered oil at a well located offshore from the South American country of Guyana.
The Mako-1 well encountered about 164 feet of a high-quality oil-bearing sandstone reservoir, Exxon said.
The discovery is the 15th the company has made in Guyana's Stabroek Block. The company estimates the block contains more than 6 billion oil-equivalent barrels.
The Mako-1 well is located around six miles from the Stabroek Block's Liza field, where the company began producing oil this month.
The first phase of that project is expected to produce as much as 120,000 barrels of oil a day using a floating production ship.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
December 23, 2019 08:33 ET (13:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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