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Operating and proposed projects in the Stabroek block. Esso, a subsidiary of ExxonMobil, began exploring the off-shore region in 2008. [6] In May 2015 ExxonMobil announced discovery of more than 90 metres of high-quality, oil-bearing sandstone reservoirs about 200 km off the coastline, [7] considered to be one of the largest crude oil discoveries of the past decade. [8]
With 215,000 square kilometres (83,000 sq mi), Guyana is the fourth-smallest country on mainland South America after Uruguay, Suriname and French Guiana. The main economic activities in Guyana are agriculture (production of rice and Demerara sugar ), bauxite mining, gold mining, timber, shrimp fishing and minerals.
Guyana's mines yield a high quality calcined bauxite, with uses in the refractory, abrasive and chemical markets for high temperature applications. Guyana's reserves of bauxite was known to be 350-million-tons. Major mining sites are at Linden, south of Georgetown, and Kwakwani on the Berbice River [6][13] In 2016, 1,479,090 tonnes of bauxite ...
ExxonMobil Chemical is a petrochemical company that was created by merging Exxon's and Mobil's chemical industries in 1999. Its principal products include basic olefins and aromatics, ethylene glycol, polyethylene, and polypropylene along with speciality lines such as elastomers, plasticizers, solvents, process fluids, oxo alcohols and adhesive ...
The history of Guyana begins about 35,000 years ago with the arrival of humans coming from Eurasia. These migrants became the Carib and Arawak tribes, who met Alonso de Ojeda's first expedition from Spain in 1499 at the Essequibo River. In the ensuing colonial era, Guyana 's government was defined by the successive policies of the French, Dutch ...
ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry.A direct descendant of John D. Rockefeller's Standard Oil, the company traces its roots as far back as 1866 to the founding of the Vacuum Oil Company, which would become part of ExxonMobil through its own merger with Mobil during the 1930s.
In April 2015, ExxonMobil announced its discovery of a significant oil reserve off the coast of Guyana in South America. At the time, it was estimated to contain more than 700 million barrels of oil. [78] Hess began acquiring interest in the acreage in 2018. [79] [80] By 2022, the estimation surpassed 11 billion barrels. [81]
Guyana. Guyana (/ ɡaɪˈɑːnə / ⓘ or / ɡaɪˈænə / ⓘ ghy-A (H)N-ə), [11][5] officially the Co-operative Republic of Guyana, [12] is a country on the northern coast of South America, part of the historic mainland British West Indies. Georgetown is the capital of Guyana and is also the country's largest city. Guyana is bordered by the ...