Guyana’s oil reserves drop below 11B barrels - Exxon says
Business
Finance
October 2, 2026
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(Kaieteur News) – Guyana’s oil reserves have dropped below the 11 billion barrel estimate, ExxonMobil Guyana Limited (EMGL) reported this week.
The company in a production report highlighted the unprecedented development in Guyana, moving from a “world-class” discovery just over a decade ago, to first oil only five years later which has evolved into one of the fastest deepwater development timelines in the industry.
Exxon is currently producing oil at four Floating Production Storage and Offloading vessels (FPSOs) in the Stabroek Block. Since 2019, Exxon has already produced one billion barrels of oil. To this end, the company indicated that the country’s oil reserves have decreased to less than 11 billion barrels.
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