Exxon Mobil Corp., operator of the Stabroek Block offshore Guyana, on Monday reported an oil discovery at the Uaru exploration well, located near the producing Liza field. Uaru, the 16 th Stabroek discovery, encountered approximately 94 feet (29 meters) of high-quality oil-bearing sandstone and was drilled in 6,342 feet (1,933 meters) of water, ExxonMobil noted in a written statement emailed to Rigzone. The company added the latest find is located approximately 10 miles (16 kilometers) northeast of Liza, which achieved first oil last month. In conjunction with the Uaru announcement, ExxonMobil also stated it has raised its recoverable resource estimate by 2 billion barrels of oil equivalent (boe) to more than 8 billion boe. The supermajor noted the latest figure, which ups Stabroek's estimated bounty by roughly one-third, includes 15 offshore Guyana discoveries.