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Oil and Gas Energy News Update

Wednesday, June 8, 2011

Exxon Mobil announces three discoveries in deepwater Gulf of Mexico

- Exxon Mobil announces three discoveries in deepwater Gulf of Mexico



Jun 8, 2011

Exxon Mobil (NYSE:XOM) announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well. Steve Greenlee, president of ExxonMobil Exploration Company said, "We estimate a recoverable resource of more than 700 million barrels of oil equivalent combined in our Keathley Canyon blocks. This is one of the largest discoveries in the Gulf of Mexico in the last decade. More than 85 percent of the resource is oil with additional upside potential."

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