Guyana10 Jan 2026 17:51
Decades later, in 2015, ExxonMobil began drilling wells in the Atlantic waters about 100 miles off the coast of Guyana. Other companies tried and failed over the years to find oil beneath the seafloor, but in March 2015, workers onboard an oil-drilling ship called the Deepwater Champion placed the first of what would become dozens of wells into the water.
By 2022, Exxon had increased its Guyana estimates to 11 billion barrels of recoverable oil, a discovery that has helped the largest publicly owned oil company in the world vault past its peers. The area, called the Stabroek block, is now one of the most active and high-value oil plays globally.