ExxonMobil Corp. has increased its estimated recoverable resource for the Stabroek block to more than 5 billion boe from 4 billion boe following further evaluation of previous discoveries and drilling of the Pluma-1 well offshore Guyana. The well, drilled to 16,447 ft in 3,340 ft of water by Noble’s Tom Madden drillship beginning on Nov. 1, encountered 121 ft of high-quality hydrocarbon-bearing sandstone reservoir.

Source: News