ExxonMobil announced a huge oil discovery in the waters off the coast of Guyana, a country located in South America. This discovery, which was called “Bluefin”, is considered a new oil treasure added to the series of huge discoveries in the region over the years. Last.

“Bluefin” is located in the oil-rich “Stabroek” region, which witnessed Exxon’s historic discovery in 2015. It is estimated that “Stabroek” hides within it a huge oil wealth amounting to 11 billion barrels, and “Exxon” plans to increase production from the “Stabroek” region. Stabroek” quickly; It aims to reach 1.2 million barrels per day by 2027; Thus, Guyana will become a strong competitor to Angola, a member of OPEC.

ExxonMobil controls 45% of the oil project in Guyana, while the two partners, Hess Corp. and KNOOC, share the remaining percentage. Exxon is seeking to preserve its share by resorting to arbitration, in light of Chevron’s attempt to acquire the Hess in a huge deal worth $53 billion.

There is no doubt that the discovery of “Bluefin” is a strong boost for Guyana, and contributes to strengthening its position on the global energy map. Expectations indicate that Guyana’s future in this field appears bright, with the possibility of it becoming a new power competing with the world’s major oil producers.