Guyana Emerges as a Major Oil Producer in the Americas
In just four years since its first oil discovery, Guyana has become one of South America's leading oil producers. As of May 2026, it was producing nearly 890,000 barrels per day and is on track to surpass Venezuela as the continent’s second-largest producer behind Brazil by 2030. ExxonMobil plays a central role in Guyana's energy boom with its Uaru project set to add 250,000 barrels of daily production. Additional projects like Whiptail and Hammerhead are also underway or planned for the coming years. The Longtail development will mark Exxon’s first natural gas venture offshore Guyana. The geopolitical landscape has stabilized following a US-led intervention in early 2026 that removed Venezuela's threat to annex Guyana’s Essequibo region, which contains key oil reserves and infrastructure like the Stabroek Block. This territorial dispute had previously posed a major risk to Guyana’s energy expansion.
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Topics: ExxonMobil Guyana South American oil production Uaru project