As thousands of Guyanese struggle to cope with weeks of widespread flooding and the extensive losses of crops, livestock and livelihoods in the midst of the COVID-19 pandemic, the American energy titan, ExxonMobil (XOM) ironically announced its 20th oil and gas discovery offshore.
Moving ahead with developing the rich Stabroek block, a prized high value asset, ExxonMobil did not bother to even specify yesterday, how much this find at Longtail-3, like the previous at the Uaru-2 well in April, would add to the earlier gross discovered recoverable resource estimate of well over 9 billion barrels of oil and gas, drawn from the deep Atlantic Ocean waters of this poor country turned petro-state.
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