Guyana packs a punch for ExxonMobil

Achieving early production at the Liza project is only the first step in the US major’s ambitious strategy

A well-known adage goes that lightning never strikes the same place twice. For ExxonMobil, exploration efforts in Guyanese waters over the past five years have resoundingly disproved the maxim, turning the Latin American country into a regional oil producer for the first time. Few companies can match ExxonMobil’s recent upstream successes. The Stabroek block alone has yielded 18 major oil discoveries since it was first drilled in 2015. And the early startup at the Liza project has been US major’s crowning achievement, laying the groundwork for more discoveries to be developed over the next five years. Last year, phase one at Liza was awarded Petroleum Economist Energy Project of the Year for