Since 2019 ExxonMobil’s Stabroek block in Guyana reached 900,000 bpd capacity and the consortium has committed over $60 billion to seven offshore projects. Production capacity is forecast to climb to 1.7 million bpd by 2030, with Uaru, Whiptail and Hammerhead set to start up by 2029.
Since 2019 ExxonMobil’s Stabroek block output surged to 900,000 barrels per day following the Yellowtail start-up in 2025, with record reliability and production reported in the first half of 2026.
Co-venturers have invested over $60 billion in seven Stabroek developments; Uaru is slated for first oil late 2026, Whiptail and Hammerhead by 2029, and an eighth project, Longtail, awaits approval.
Since production began, Guyana’s economy has quadrupled, with oil revenues and royalties driving state income; the government is expanding local content rules to increase contracting in services such as catering and hospitality.
ExxonMobil has filed for environmental approval of the Haimara gas condensate discovery on Stabroek, signaling plans to develop a complementary gas industry in Guyana.
