American oil giant ExxonMobil has announced its ninth discovery offshore Guyana at the Hammerhead-1 well. Exxon said the latest discovery marks the fifth on the Stabroek Block in the past year and proves a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was
Exxon makes ninth oil discovery
