Exxon says Guyana’s oil reserves increase only after project financing
“It doesn’t move to ‘proved’ (resources) until you fund a project” – Routledge (Kaieteur News) – Guyana’s oil reserves have been stagnated around 11 billion barrels since 2022, despite major new discoveries. According to president of ExxonMobil Guyana Limited (EMGL), Alistair Routledge, this is so because “proved reserves” only increase when a project is financed. In […] The post Exxon says Guyana’s oil reserves increase only after project financing appeared first on Kaieteur News.
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“It doesn’t move to ‘proved’ (resources) until you fund a project” – Routledge (Kaieteur News) – Guyana’s oil reserves have been stagnated around 11 billion barrels since 2022, despite major new discoveries. According to president of ExxonMobil Guyana Limited (EMGL), Alistair Routledge, this is so because “proved reserves” only increase when a project is financed. In […]
The post Exxon says Guyana’s oil reserves increase only after project financing appeared first on Kaieteur News.
