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Guyana gives and gives

A sixth discovery off the country's coast points to further oil riches at ExxonMobil's Stabroek Block

Guyana is the gift that keeps on giving for ExxonMobil and its partners drilling for oil in the tiny Latin American nation's waters. In early January, the consortium, which includes Hess and state-owned China National Offshore Oil Corporation, struck again in Guyana's waters at the Ranger-1 well, the sixth significant discovery in the vast 6.6m-acre Stabroek block. This is now thought to hold recoverable reserves of more than 3bn barrels of oil equivalent. The Ranger find, which was drilled 60 miles (96km) north from the original Liza discovery and closer to the Venezuelan maritime border, opened an entirely new area to potential future production. ExxonMobil and its partners are already p

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