Exxon has 3 Deepwater Gulf of Mexico Discoveries

Oil and Gas Investing

Reuters Africa reports that Exxon Mobil Corp (NYSE:XOM) has made two significant new oil discoveries and a natural gas find in the Gulf of Mexico.

Reuters Africa reports that Exxon Mobil Corp (NYSE:XOM) has made two significant new oil discoveries and a natural gas find in the Gulf of Mexico.

The market news is quoted as saying:

Exxon estimated the new wells could produce about 700 million barrels of oil equivalent (BOE).

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