Guyana’s upstream is poised for rapid development
Guyana’s burgeoning oil sector continues to advance
Two fresh discoveries and further developments are helping to cement the frontier province’s leading status
ExxonMobil has announced two further oil discoveries in the Stabroek block offshore Guyana, which will add to the previous recoverable resource estimate of 10bn bl oe. And there are developments in the country beyond Stabroek. The discoveries at Fangtooth and Lau Lau are a positive result that “supports [our] strategy to test deeper exploration targets within the Stabroek block”, ExxonMobil says. The latest discoveries—which bring Stabroek’s total to at least 28—bolster “our continued confidence in the block’s exploration potential, and our view that the many discoveries to date could result in up to ten development projects”, says Mike Cousins, senior vice-president of exploration and new v
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
