Exxon Will Benefit Most from South America’s Newest Petrostate

The South American country of Guyana has recently emerged as a world-recognized oil-producing nation. This occurred due to ExxonMobil’s string of world-class discoveries in offshore Guyana, starting with the 2015 Liza-1 wildcat well, drilled 118 miles northeast of the capital, Georgetown, in the 6.6 million-acre Stabroek Block. Big Oil is pouring billions of dollars into Guyana, an impoverished country of less than one million, now among the world’s top offshore drilling locations. Ongoing exploration and development will further boost…