Guyana’s Oil Industry Is In For A Stellar Year

ExxonMobil made its first world-class oil discovery in Guyana’s territorial waters in 2015. Since then, the energy supermajor has made over 30 high-quality oil discoveries in the 6.6-million-acre Stabroek Block which Exxon estimates holds at least 11 billion barrels of recoverable oil resources. Those discoveries have triggered an extraordinary energy boom, with Guyana emerging as a world-recognized petroleum producer. By the end of 2022, the former British colony was pumping an average of 360,000 barrels per day and ranked 17th globally…