Persistence pays off for Exxon Mobil off Guyana

摘要

THE exploration story that resulted in Guyana's arrival as an oil-producing province is one of persistence, and ExxonMobil will need more of that spirit now if it is to push ahead with new exploration plans in the face of global recession and another oil price collapse. The tale stretches back more than a century. Standard Oil first started studying the Guyana-Suri-name basin in the early 1900s and drilled a first onshore well in Suri-name in 1929.