A consortium led by Exxon Mobil has made significant financial strides within Guyana’s oil industry, recouping $33.9 billion of its $41.1 billion expenditure in the Stabroek offshore block by the end of January, said Vice President Bharrat Jagdeo. In just over a decade, the group rapidly developed oil resources in the South American nation, boosting production to exceed 600,000 barrels per day last year.
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