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Rystad Energy sees up to 90,000 b/d upside from debottlenecking at future Stabroek Block projects

Rystad Energy said identical debottlenecking across three offshore developments in Guyana could unlock between 80,000 and 90,000 barrels per day (b/d) of additional production, targeting assets operated by ExxonMobil in the Stabroek Block. The consultancy identified the Uaru, Whiptail and...

How subsea tiebacks support oil production in Guyana’s Stabroek Block

Subsea tiebacks are playing a key role in the development and expansion of offshore oil production in Guyana’s Stabroek Block, where ExxonMobil Guyana and its co-venturers lead major projects.  The Stabroek Block hosts multiple developments that use tiebacks, like Payara...

Payara crude holds slight price premium over other Stabroek Block grades

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other crude grades in the country so far this year, maintaining a cents-per-barrel lead, according to data from the Ministry of...

Stena Carron continues Goatfish-1 drill campaign in Stabroek Block

The Stena Carron drill rig will continue exploration operations at ExxonMobil’s Goatfish-1 well in the Stabroek Block offshore Guyana. A notice from the Maritime Administration Department (MARAD) outlined that drilling activities are scheduled to conclude on May 31, 2026. The Goatfish-1...

Meet the contractors that develop Stabroek Block projects beneath the surface

When oil and gas flows from ExxonMobil Guyana’s Stabroek Block, it travels through systems built and installed by a small group of specialized contractors. These companies are the backbone of subsea operations. TechnipFMC is one of the leading players. It...

Explained: How oil resources become reserves in the Stabroek Block

Oil and gas discoveries at the ExxonMobil-operated Stabroek Block are estimated to hold approximately 11 billion barrels of oil-equivalent. The resource base has positioned the South American country among the world’s fastest-growing oil producers and continues to shape development...

A look at companies that power ExxonMobil’s Stabroek Block operations 

ExxonMobil’s offshore operations in Guyana’s Stabroek Block rely on a network of international oilfield service providers supporting production, drilling, subsea installation, and logistics. Production began in 2019 and has since expanded. Now, the block is producing 915,000 barrels per...

Digital tools being used to sharpen well placement, reduce costs in Stabroek Block

Digital technologies are improving drilling efficiency, safety, and reservoir management in offshore operations in the Stabroek Block, according to Alistair Routledge, President of ExxonMobil Guyana. Routledge addressed the role of digitization during a press conference on March 19 at the...

Kaieteur and Canje Blocks offer snapshot of offshore exploration beyond Stabroek Block 

The Kaieteur and Canje Blocks are among Guyana’s offshore assets outside the prolific Stabroek Block. At the Kaieteur Block, ExxonMobil was the operator and holding 35% interest, with Ratio Petroleum Energy Limited 25%, Cataleya Energy Limited 20% and Hess Corporation...

ExxonMobil advances Goatfish-1 drilling in Southeast portion of Stabroek Block

ExxonMobil Guyana Limited on February 19, 2026 continued exploration drilling at the Goatfish-1 well site in the Stabroek Block, according to a notice issued by the Guyana Maritime Administration Department. The well is being drilled by the MODU Noble Sam...

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GranMorgu session in Rotterdam draws diaspora interest as Suriname eyes Singapore-level development

ROTTERDAM, NETHERLANDS – Suriname is aiming to use its offshore oil resources to drive national development to levels comparable...