ExxonMobil expects at least six producing Stabroek projects by 2027
Stabroek partners strike oil in Guyana
Drilling campaign adds yet another major oil find in the prolific block
ExxonMobil and joint venture partner Hess have announced another significant oil discovery offshore Guyana in the Stabroek block. Drilling at the Whiptail prospect encountered 246ft (75m) of net pay in high-quality oil-bearing sandstone reservoir, 4 miles southeast of the Uaru oil discovery and 3 miles west of the Yellowtail field. The drill rig will next target deeper prospects at the site. The companies say the find could form the basis for a future oil development in Stabroek and adds to the recoverable resource base of roughly 9bn bl oe. Ownership of the block is split between operator ExxonMobil (45pc), Hess (30) and a subsidiary of Chinese state-owned Cnooc (25pc). “This discover
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
