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
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away






