- ExxonMobil is fortifying its operational status by leveraging assets in Guyana and utilizing shale regions in West Texas for production.
- ExxonMobil operates in Guyana under cost recovery terms.
Exxon secured concessions undermining national safeguards in Guyana.
2 reports, 1 independent
Updated Jul 1
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What happened
Exxon secured concessions undermining national safeguards in Guyana.
Who's involved
What this event is mainly aboutKeep exploring
Part of
ExxonMobil operates in Guyana under cost recovery terms.Also in this story
- ExxonMobil conducts massive audits in Guyana amid disputes over profit sharing and recovered funds.
- ExxonMobil's operations in Guyana are seeing production improvements and new vessel scheduling despite Middle East disruptions.
The entities involved
Related events
- The government of Guyana is receiving the full profits generated from ExxonMobil's oil operations in the country.
- New oil blocks are now competing with existing large leases as part of ExxonMobil's exploration campaign in Guyana.
- ExxonMobil operates in Stabroek Block off Guyana, while Christopher Ram analyzes the revenue generated from the oil operations.
- A 30% stake in Guyana's offshore Stabroek Block is noted. Higher oil prices are increasing free cash flow, while ongoing conflict in Iran impacts this flow.
- ExxonMobil is seeking to unlock Trinidad’s offshore potential, using Guyana’s successful oil drilling operations as a blueprint.