Bud's Offshore Energy (BOE)

IRVING, Texas – ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. 

ExxonMobil

Where would you drill?

• Oil and gas reserves for the entire US Gulf of Mexico are less than 6 million BOE.
• Exxon’s Stabroek Block is 6.6 million acres, approximately 1000 times larger than a Gulf of Mexico lease block.
• Per a 2018 BOEM study,  GOM rates of return are not as attractive as Guyana, Brazil, Angola, United Kingdom and Mexico, which offer rates of return above 20% under the base case scenario