ExxonMobil pitches Guyana as investment hub for northern Brazil and Caribbean

Published: 2026-05-11 03:40:07 ET XOM

Published on 05/11/2026 at 03:40 am EDT

Guyana's rapid oil development positions it as a gateway for investment across northern Brazil and the southern Caribbean, ExxonMobil Senior Director of International Government Relations Craig Kelly said at the Offshore Technology Conference in Houston on May 6, OilNOW reported.

The pitch reflects a broadening strategic vision for Guyana that extends well beyond its offshore oil fields, as expanding infrastructure begins to unlock the country's geographic potential as a regional transit and industrial hub.

Kelly urged investors to look past Guyana's small population and focus on its location, pointing to road upgrades linking Guyana and Brazil as potentially transformational. 'If they can go straight through on the road that Guyana is now upgrading from Lethem to Brazil to an eventual deep water port, this is a transformational change in the region,' he said, noting that northern Brazil's Roraima state currently depends on longer shipping routes through the Amazon basin.

Guyana currently produces more than 900,000 bpd from four FPSOs in the Stabroek Block, with ExxonMobil and partners Hess and CNOOC targeting approximately 1.7mn bpd by the end of the decade. Kelly said the planned eighth project, Longtail, would bring gas ashore in the Berbice region, where the government envisions fertiliser, alumina, power and data centre developments.

ExxonMobil is also expanding in Trinidad and Tobago, where it has acquired deepwater acreage and is pursuing exploration opportunities in the southeastern Caribbean basin.