Rigzone. (2021, July 29). ExxonMobil Makes Significant Oil Find Offshore Guyana. Retrieved July 30, 2021, from https://www.google.com/amp/s/www.rigzone.com/news/exxonmobil_makes_significant_oil_find_offshore_guyana-29-jul-2021-166058-article/%3famp

In offshore Guyana Exxonmobil announced another oil discovery at Stabroek Block, 120 miles offshore and around 6.6 million acres, much larger than the Gulf of Mexico Block. (location of all the Exxon drill sites offshore Guyana). The Stenna DrillMAX (oil drill) and Noble Don Taylor (oil drill), situated 3 miles from each other, discovered significant amounts of ‘pay dirt’ in sandstone reservoirs in the Whiptail location (offshore drilling location). Exxon is now testing even deeper in the same locations hoping for even more success. Along with Whiptail adding approximately nine billion barrels of oil, Lisa Phase 1, Lisa Phase 2, and Payara are all showing to be profitable as well adding 120,000 barrels, 220,000 barrels, and 220,000 barrels daily (Payara as it doesn’t start till 2025). 

The significance of this article is very extreme, as these discoveries will help to benefit the world. Not only does the article explain the discoveries but it also gives the impact they will have on the future. These discoveries will help to keep the oil business running strong through the next 10 years if not longer due to the sheer quantity that will be produced from the wells. Along with even more plants in development and waiting upon approval will hopefully allow for even more success and more oil production. And although the world is trying to move on from oil, oil is still essential and with these discoveries oil supplies will be able to be at more of a constant as we slowly move away from it.