Exxon promotes fifth oil project off Guyana (NYSE:XOM)

Oil rig in the ocean.  Offshore drilling for gas and oil

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Exxon Mobil (NYSE:XOM) and its partners said on Thursday they had made a Final investment decision to develop their fifth and most expensive project on the Stabroek block off the coast of Guyana.

The $12.7 billion Uaru project will produce ~250,000 bpd and costs 27% more than


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