Another 1.3B barrels of recoverable oil reserves could be added to the 10B barrel Guyana-Surinam basin, with a major offshore oil field being developed ExxonMobil (XOM)-led consortium, wrote Bert Wilkinson for the Associated Press, citing comments from the Guyanese government. "The Uaru-Mako project currently under review could come on stream in the next three years, adding add as many as 63 more wells to the 30 already drilled in the Stabroek Block by the consortium, which also includes Hess (HES) and China’s CNOOC. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Shell (SHEL) and Total Energies (TTE). Reference Link
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BP:
- $600k upside call Seller in BP
- BP increases investment in onshore U.S. oil and gas to $2.4B in 2023
- bp completes acquisition of Archaea Energy
- BP completes acquisition of Archaea Energy
- BP price target lowered to $39 from $40 at Piper Sandler
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue