Stabroek Oil and Gas Block (Guyana)

This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.

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Oil and gas extraction Oil and gas pipelines LNG terminals

Stabroek Oil and Gas Block is an operating oil and gas block in Guyana.

Project Details

Main Data

Table 1: Block-level project details for Stabroek Oil and Gas Block

¹Final Investment Decision
²If a country or region is known to not produce any hydrocarbons in an unconventional method, this production type is assumed to be conventional

Unit name	Status	Operator	Owner	Discovery year	FID1 year	Production start year	Production type2
Stabroek	Operating	ExxonMobil	ExxonMobil (45.0%); Hess Guyana Exploration Ltd (30.0%); CNOOC Nexen Petroleum Guyana Ltd (25.0%)	–	–	–	Conventional

Production and Reserves

Table 2: Reserves of Stabroek Oil and Gas Block

million boe = million barrels of oil equivalent

Fuel description	Reserves classification	Quantity	Units	Data year	Source
hydrocarbons	gross recoverable resources	9000	million boe	2021	​
hydrocarbons	gross recoverable resources	11000	million boe	2022	​

Location

Table 3: Block-level location details for Stabroek Oil and Gas Block

Concession/Block	Location	Onshore/Offshore	Coordinates (WGS 84)
Stabroek Block	Offshore, Guyana	Offshore	7.9904, -57.0997 (approximate)

The map below shows the approximate location of the block:

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Background

The Stabroek Block is a 6.6 million acre offshore oil reservoir off Guyana's Atlantic coast. In May 2015, ExxonMobil announced that it had made its first significant oil discovery within the block at the Liza 1 well. In July 2018, ExxonMobil raised its estimate of discovered recoverable resources in the Stabroek Block to 4 billion barrels of oil. Projected recoverable reserves had grown to 9 million boe by October 2020, and ExxonMobil further increased its estimates to 10 million boe in October 2021.

The Guyanese government has promoted a gas-to-power project that would transport natural gas from the Stabroek Block via the 225-kilometer Liza Gas Pipeline to the proposed 250 MW Wales power station. Opponents argue that developing Guyana's solar electrical potential would be five times cheaper than the gas-to-power project, while avoiding the environmental risks of large-scale natural gas development.

Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.