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
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
