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
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
