ExxonMobil and Hess have made two more discoveries in Guyana
Guyana yields more discoveries
Two more finds have been made at the upstream frontier’s prolific Stabroek block
Partners ExxonMobil and New York-headquartered Hess have made two more discoveries at Guyana’s Stabroek block, increasing the number of discoveries made in the country this year to seven. The first discovery, Seabob 1, is around 19km southeast of the Yellowtail development and in waters 1,421m deep. The second, Kiru-Kiru 1, is about 5km southeast of the Cataback-1 discovery and in waters 1,756m deep. Together, the new finds will increase Stabroek’s resources beyond its previous recoverable resource estimate of 11bn bl oe. And there could be more to come. “We continue to see multibillion barrels of future exploration potential remaining,” says Hess CEO John Hess, while management describe Guy
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
