ExxonMobil's Midas touch
Guyana’s exploration success shows no sign of slowing. But the promise of oil revenues is also driving political division
Less than a year before ExxonMobil begins producing first oil from its offshore Liza field in Guyana, the firm's winning exploration streak shows few signs of breaking. In February, it revealed a further two discoveries, Tilapia and Haimara, taking its total to 12 major discoveries in the Stabroek block. The Tilapia discovery was made just 3.4 miles (5.5km) west of the Longtail well—the fourth in the Turbot area—and contains around 305ft of oil play. The Haimara find contains roughly 207ft of high-quality gas condensate sandstone reservoir, around 19 miles east of the Pluma discovery. Since the announcement, ExxonMobil has raised its gross recoverable resources in Stabroek to approximately 5
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal






