ExxonMobil Discovers More Oil Off Guyana’s Coast

ExxonMobil Discovers More Oil Off Guyana’s Coast
The logo of ExxonMobil during the World Gas Conference exhibition in Paris, on June 2, 2015. Eric Piermont/AFP via Getty Images
The Associated Press
Updated:

SAN JUAN, Puerto Rico—ExxonMobil said Wednesday that it made two additional oil discoveries off the coast of Guyana as the South American country prepares to become the world’s newest major oil producer.

The discoveries occurred in an area where officials believe they can extract at least 10 billion oil-equivalent barrels.