Guyana newsroom

• ExxonMobil Guyana-led consortium achieves milestone in under five years.
• Production capacity of 1.3 million barrels of oil per day expected by the end of 2027.
• Nearly US $55 billion committed to development of six government-sanctioned projects.

August 9, 2024 – ExxonMobil Guyana is excited to announce the launch of our “Is We Own Again” promotion in collaboration with the Guyana Amazon Warriors, running from August 10 to September 27, 2024. This initiative underscores our commitment to support Guyanese culture and significant national observances, reflecting our dedication as Guyana’s energy partner.

SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.

SPRING, Texas – ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.

ExxonMobil Guyana and its reporting contractors have spent more than $83 billion (US$400 million) with more than 1,500 Guyanese businesses in 2022 alone. That is part of the more than $180 billion (US$900 million) spent with locals since the first discovery in 2015. 

IRVING, Texas – ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026.

Georgetown, Guyana – ExxonMobil Guyana today announced a discovery at Lancetfish-1 on the Stabroek block offshore Guyana, the company’s second discovery of 2023.

Georgetown – ExxonMobil Guyana today announced the arrival of the Prosperity Floating, Production, Storage, and Offloading (FPSO) vessel in Guyana waters. Production from Payara is expected to begin later this year.

Early investments spurring local content growth.

IRVING, Texas – ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average.

ExxonMobil Guyana is proud to announce that it is the exclusive sponsor of the Guyana Amazon Warriors for the 2022 Hero Caribbean Premier League (CPL) tournament.

IRVING, Texas – ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25.

-New Destiny Flash Gas Compressor being installed, planned start up in mid-July

Georgetown, Guyana - The gas compression and injection systems on the Liza Unity Floating Production, Storage and Offloading (FPSO) vessel have been safely commissioned in around half normal industry time, achieving background flare as designed and within the 60-day period outlined in the Liza Phase 2 Environmental Permit.

Georgetown, Guyana - ExxonMobil Guyana has contributed more than GYD$20 million to the Volunteer Youth Corps Inc. (VYC) for the continuation of its STEM After-school Programme in Regions Three and Four.

IRVING, Texas – ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. 

Georgetown, Guyana - ExxonMobil Guyana has recently conducted an exercise to field test spill response equipment, processes and team readiness.

Georgetown, Guyana - ExxonMobil Guyana recently made a financial contribution to the United Women for Special Children (UWSC) to fund the pursuit of master’s degrees for two special education teachers.

Georgetown, Guyana - Eighteen Guyanese women have graduated from the Global Women in Management (GWIM) programme, after six months of training in leadership and management skills.  

IRVING, Texas – ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025.

Georgetown, Guyana - Seven graduate engineers hired by SBM Offshore have arrived in Singapore for hands-on training on the Prosperity FPSO vessel, which is being constructed to support the Payara development in the Stabroek Block, offshore Guyana.

Georgetown, Guyana - The Greater Guyana Initiative (GGI) has funded a Hinterland Poultry Project valued more than $120 million (US$608,000) to boost the poultry industry in the hinterland regions.

Georgetown, Guyana – ExxonMobil Guyana takes this opportunity on International Women’s Day 2022 to express our appreciation for the contributions women have made—and continue to make—to the company and the wider society. 

Georgetown, Guyana - ExxonMobil Guyana has replanted the mangrove vegetation cleared at the Ogle foreshore, East Coast Demerara for the landing of its fibre optic cable which will service its offshore facilities.

IRVING, Texas – ExxonMobil today said it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. 

Georgetown, Guyana - ExxonMobil Guyana has contributed US$65,000 (GY$13 million) towards a programme expected to see scores of individuals in Region 6 (East Berbice-Corentyne) benefit from educational training and family life support.

IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

IRVING, Texas – ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. 

IRVING, Texas – ExxonMobil today said it made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) of net pay in a newly identified, high quality hydrocarbon bearing sandstone reservoir separate from the 75 feet (23 meters) of high quality, oil bearing sandstone reservoir pay encountered in the original Turbot-1 discovery well. This follows the additional pay in deeper reservoirs encountered at the previously announced Whiptail discovery. These results will be incorporated into future developments.

IRVING, Texas – ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling continues at both wells to test deeper targets, and results will be evaluated for future development.

IRVING, Texas – ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It was drilled in more than 6,100 feet (1860 meters) of water by the Stena DrillMAX.

IRVING, Texas – ExxonMobil said today it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 feet (36.7 meters) of high quality oil bearing reservoirs including newly identified intervals below the original Uaru-1 discovery. The well was drilled in 5,659 feet (1,725 meters) of water and is located approximately 6.8 miles (11 kilometers) south of the Uaru-1 well.

IRVING, Texas – ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential.

IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel.

IRVING, Texas – ExxonMobil has made its 18^th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block.

IRVING, Texas – ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block.

IRVING, Texas – ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.

IRVING, Texas – ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments.

IRVING, Texas – ExxonMobil said today it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.

IRVING, Texas – ExxonMobil said today it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day by 2025.

IRVING, Texas – ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major development hub.

IRVING, Texas — ExxonMobil said today it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12.

IRVING, Texas — ExxonMobil said today that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January.

MAPUTO, Mozambique — Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

IRVING, Texas — ExxonMobil said today it made its 10^th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.

IRVING, Texas — ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development.

IRVING, Texas — ExxonMobil said today it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases.

IRVING, Texas & GEORGETOWN, Guyana — ExxonMobil Foundation said today that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) said today it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block.

IRVING, Texas — The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) announced today positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) today announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels.

Georgetown, Guyana - Esso Exploration and Production Guyana Ltd, an affiliate of Exxon Mobil Corporation, announced today the establishment of the Centre for Local Business Development in Georgetown in collaboration with DAI Global, LLC.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) said today it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) announced today positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara.

IRVING, Texas — ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery.

IRVING, Texas — ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), today announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production.

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels.

IRVING, Texas—Exxon Mobil Corporation (NYSE:XOM) today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana.