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Tagged: resource development
- BusinessExxonMobil Hesitant to Share Guyana Development Plans Despite 'Big Discovery'ExxonMobil has been hesitant to share its development plans for Guyana, despite shareholder interest. The company is currently conducting appraisal activities and production tests on the Rockhead well following a 'big discovery' in the Stabroek Block, which could lead to the block's tenth development. ExxonMobil is utilizing Guyanese oil to fund these appraisal efforts. The company is currently conducting appraisal activities and production tests on the Rockhead well following a 'big discovery' in the Stabroek Block, which could lead to the block's tenth development. ExxonMobil is utilizing Guyanese oil to fund these appraisal efforts.3 min