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Exxon May Emerge As The Biggest Winner In Guyana’s Oil Boom

The impoverished tiny South American country of Guyana has emerged as one of the continent’s top oil producers and is poised to become a leading global energy exporter. Since 2015 an Exxon Mobil-led consortium has made a swathe of high-quality oil discoveries in offshore Guyana in the 6.6-million-acre Stabroek Block, with the latest announced in July 2022. It is estimated those finds have uncovered nearly 11 billion barrels of recoverable oil resources in the Stabroek Block with further oil discoveries to come. 

Exxon May Emerge As The Biggest Winner In Guyana’s Oil Boom

GUYANA | Guyana could pay billions should an oil spill occur without Unlimited Guarantee by ExxonMobil

GEORGETOWN,  Guyana, August 10, 2022 - As more oil discoveries are made off the coast of Guyana  there are concerns over the increasing possibility of oil spills in the area, and the need for an unlimited guarantee agreement by ExxonMobil in the event of such an occurrence, which could do serious damage to the ecology of Guyana and possibly the wider Caribbean.

GUYANA | Guyana could pay billions should an oil spill occur without Unlimited Guarantee by ExxonMobil
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