{"id":398096,"date":"2020-12-11T07:03:34","date_gmt":"2020-12-11T12:03:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398096"},"modified":"2020-12-11T07:03:34","modified_gmt":"2020-12-11T12:03:34","slug":"exxonmobil-discovers-hydrocarbons-offshore-suriname","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/","title":{"rendered":"ExxonMobil Discovers Hydrocarbons Offshore Suriname"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ExxonMobil Discovers Hydrocarbons Offshore Suriname<\/b><\/p>\n<p>IRVING, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exxonmobil.com%2FCorporate%2Fdefault.aspx&amp;esheet=52346856&amp;newsitemid=20201211005086&amp;lan=en-US&amp;anchor=ExxonMobil&amp;index=1&amp;md5=118a654932222691ca22f003450d5a1d\">ExxonMobil<\/a> and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil\u2019s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential.\n<\/p>\n<p>\n\u201cOur first discovery in Suriname extends ExxonMobil\u2019s leading position in South America, building on our successful investments in Guyana,\u201d said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. \u201cWe will continue to leverage our deepwater expertise and advanced technology to explore frontier environments with the highest value resource potential.\u201d\n<\/p>\n<p>\nExxonMobil said in November that it is <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.exxonmobil.com%2FNews%2FNewsroom%2FNews-releases%2F2020%2F1130_ExxonMobil-to-prioritize-capital-investments-on-high-value-assets&amp;esheet=52346856&amp;newsitemid=20201211005086&amp;lan=en-US&amp;anchor=prioritizing+near-term+capital+spending&amp;index=2&amp;md5=6c01652010ecafdd4b61c808c51f00a3\">prioritizing near-term capital spending<\/a> on advantaged assets with the highest potential future value. The Suriname discovery further strengthens ExxonMobil\u2019s industry-leading portfolio along with its other recent exploration success in the same basin in Guyana.\n<\/p>\n<p>\nPETRONAS drilled the well to a total depth of approximately 15,682 feet (4,780 meters) using the Maersk Developer rig.\n<\/p>\n<p>\nBlock 52 covers an area of 1.2 million acres (4,749 square kilometers) and is located approximately 75 miles offshore north of Suriname\u2019s capital city, Paramaribo. The water depths on Block 52 range from 160 to 3,600 feet (50 to 1,100 meters).\n<\/p>\n<p>\nExxonMobil Exploration and Production Suriname B.V., an affiliate of ExxonMobil, holds 50 percent interest in Block 52. PETRONAS Suriname E&amp;P B.V., a subsidiary of PETRONAS, is operator and holds 50 percent interest.\n<\/p>\n<p><b>About ExxonMobil<br \/>\n<br \/><\/b>ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world\u2019s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exxonmobil.com%2F&amp;esheet=52346856&amp;newsitemid=20201211005086&amp;lan=en-US&amp;anchor=exxonmobil.com&amp;index=3&amp;md5=6626aad2eda2eb3531a627fd883e48e2\">exxonmobil.com<\/a> and the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fenergyfactor.exxonmobil.com%2F&amp;esheet=52346856&amp;newsitemid=20201211005086&amp;lan=en-US&amp;anchor=Energy+Factor&amp;index=4&amp;md5=cbae1b7b9c4f63e95e799edfa29d0e7e\">Energy Factor<\/a>.\n<\/p>\n<p>\nFollow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fexxonmobil&amp;esheet=52346856&amp;newsitemid=20201211005086&amp;lan=en-US&amp;anchor=Twitter&amp;index=5&amp;md5=39de1cf43c922f744aa86facd4f498b3\">Twitter<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fexxonmobil%2F&amp;esheet=52346856&amp;newsitemid=20201211005086&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=6&amp;md5=6c4f5015b493cdec1344c6f7d743b02f\">LinkedIn<\/a>.\n<\/p>\n<p><span class=\"bwuline\">Cautionary Statement<\/span>: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to: changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; restrictions in trade, travel or broader government responses to first or subsequent waves of COVID-19; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of commercial negotiations; unexpected technological breakthroughs or challenges; and other factors cited under the caption \u201cFactors Affecting Future Results\u201d on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K and quarterly reports on Form 10-Q.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201211005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201211005086\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201211005086\/en\/<\/a><\/span><\/p>\n<p>\nExxonMobil Media Relations<br \/>\n<br \/>(972) 940-6007\n<\/p>\n<p><b>KEYWORDS:<\/b> Texas United States South America Suriname North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201211005086\/en\/513202\/3\/USE_THIS_exmo_red.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ExxonMobil Discovers Hydrocarbons Offshore Suriname IRVING, Texas&#8211;(BUSINESS WIRE)&#8211;ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil\u2019s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential. \u201cOur first discovery in Suriname extends ExxonMobil\u2019s leading position in South America, building on our successful investments in Guyana,\u201d said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. \u201cWe will continue to leverage our deepwater expertise and advanced technology to explore frontier environments with the highest value resource potential.\u201d ExxonMobil said in November that it is prioritizing near-term capital spending on advantaged assets with the highest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ExxonMobil Discovers Hydrocarbons Offshore Suriname&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398096","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ExxonMobil Discovers Hydrocarbons Offshore Suriname - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ExxonMobil Discovers Hydrocarbons Offshore Suriname - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ExxonMobil Discovers Hydrocarbons Offshore Suriname IRVING, Texas&#8211;(BUSINESS WIRE)&#8211;ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil\u2019s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential. \u201cOur first discovery in Suriname extends ExxonMobil\u2019s leading position in South America, building on our successful investments in Guyana,\u201d said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. \u201cWe will continue to leverage our deepwater expertise and advanced technology to explore frontier environments with the highest value resource potential.\u201d ExxonMobil said in November that it is prioritizing near-term capital spending on advantaged assets with the highest &hellip; Continue reading &quot;ExxonMobil Discovers Hydrocarbons Offshore Suriname&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T12:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201211005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exxonmobil-discovers-hydrocarbons-offshore-suriname\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exxonmobil-discovers-hydrocarbons-offshore-suriname\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ExxonMobil Discovers Hydrocarbons Offshore Suriname\",\"datePublished\":\"2020-12-11T12:03:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exxonmobil-discovers-hydrocarbons-offshore-suriname\\\/\"},\"wordCount\":479,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exxonmobil-discovers-hydrocarbons-offshore-suriname\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201211005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exxonmobil-discovers-hydrocarbons-offshore-suriname\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exxonmobil-discovers-hydrocarbons-offshore-suriname\\\/\",\"name\":\"ExxonMobil Discovers Hydrocarbons Offshore Suriname - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/","og_locale":"en_US","og_type":"article","og_title":"ExxonMobil Discovers Hydrocarbons Offshore Suriname - Market Newsdesk","og_description":"ExxonMobil Discovers Hydrocarbons Offshore Suriname IRVING, Texas&#8211;(BUSINESS WIRE)&#8211;ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil\u2019s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential. \u201cOur first discovery in Suriname extends ExxonMobil\u2019s leading position in South America, building on our successful investments in Guyana,\u201d said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. \u201cWe will continue to leverage our deepwater expertise and advanced technology to explore frontier environments with the highest value resource potential.\u201d ExxonMobil said in November that it is prioritizing near-term capital spending on advantaged assets with the highest &hellip; Continue reading \"ExxonMobil Discovers Hydrocarbons Offshore Suriname\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-11T12:03:34+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201211005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ExxonMobil Discovers Hydrocarbons Offshore Suriname","datePublished":"2020-12-11T12:03:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/"},"wordCount":479,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201211005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/exxonmobil-discovers-hydrocarbons-offshore-suriname\/","name":"ExxonMobil Discovers Hydrocarbons Offshore Suriname - 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