Guyana is Latin America’s leading exploration hotspot
Offshore exploration heats up in Guyana
Production from the Liza project is ramping up, but operators still have plenty of exploration options ahead
Momentum in emerging oil producer Guyana—Latin America’s leading exploration hotspot over the past five years—shows no sign of slowing this year. ExxonMobil has announced several new finds and other IOCs boast a flurry of drill targets. The Stabroek block has been central to Guyana’s upstream success. In early June, drilling at the Longtail-3 prospect lifted the block’s tally of major hydrocarbons discoveries to 20. The latest well encountered a high-quality reservoir beneath the Longtail-1 find, a strong indicator of significant volumes at lower depths than previously drilled. And ExxonMobil has further drill targets in the basin this year. The US major is drilling the Jabillo-1 prospect in
Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
