Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and value creation from exploration,” said Rystad Energy head of upstream research Espen Erlingsen. Erlingsen added: “Last year, Rystad Energy witnessed the revival of offshore exploration activity. Improved market conditions and operational efficiencies, along with sustained cost deflation, allowed many E&P players to move forward with promising high impact exploration campaigns in 2018.” To measure performance, Rystad Energy looked at the number of exploration wells, net discovered resources and the value creation from wildcat exploration (wells drilled in new prospects) during 2018. In 2018, the US supermajor ExxonMobil drilled 2.7 net wildcat wells in Guyana, and discovered close to 2 billion barrels in additional gross resources in the Stabroek block (which […]