ExxonMobil's Midas touch
Guyana’s exploration success shows no sign of slowing. But the promise of oil revenues is also driving political division
Less than a year before ExxonMobil begins producing first oil from its offshore Liza field in Guyana, the firm's winning exploration streak shows few signs of breaking. In February, it revealed a further two discoveries, Tilapia and Haimara, taking its total to 12 major discoveries in the Stabroek block. The Tilapia discovery was made just 3.4 miles (5.5km) west of the Longtail well—the fourth in the Turbot area—and contains around 305ft of oil play. The Haimara find contains roughly 207ft of high-quality gas condensate sandstone reservoir, around 19 miles east of the Pluma discovery. Since the announcement, ExxonMobil has raised its gross recoverable resources in Stabroek to approximately 5
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution






