Guyana packs a punch for ExxonMobil
Achieving early production at the Liza project is only the first step in the US major’s ambitious strategy
A well-known adage goes that lightning never strikes the same place twice. For ExxonMobil, exploration efforts in Guyanese waters over the past five years have resoundingly disproved the maxim, turning the Latin American country into a regional oil producer for the first time. Few companies can match ExxonMobil’s recent upstream successes. The Stabroek block alone has yielded 18 major oil discoveries since it was first drilled in 2015. And the early startup at the Liza project has been US major’s crowning achievement, laying the groundwork for more discoveries to be developed over the next five years. Last year, phase one at Liza was awarded Petroleum Economist Energy Project of the Year for
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
