Stabroek block
Coverage of Stabroek block in the Nexus archive.
- ExxonMobil Drills Rockhead-1 in Guyana’s Stabroek Block
ExxonMobil is drilling the Rockhead-1 exploration well in Guyana’s Stabroek Block, approximately 213 km offshore, to target additional oil reserves. The Stena Carron drillship is conducting the operation, expected to finish by August 31, 2026. ExxonMobil Guyana holds a 45% stake in the block’s development.
- Guyana Ring-Fencing Gap: Critics Say Exxon Deal Costs Billions
Critics argue Guyana's ExxonMobil-operated Stabroek Block production sharing agreement lacks a ring-fencing clause, allowing costs from new developments to be recovered against earnings from producing fields. Stabroek production reached 900,000 barrels per day in late 2025 and averaged 903,000 bpd in April 2026.
- ExxonMobil Guyana Uses AI to Find 4 New Drill Sites
ExxonMobil's CFO reported that AI identified four new drilling prospects in the Stabroek block in Guyana. The article notes no specific locations, resource estimates, or drilling activities have occurred yet.
- Exxon Plans 35 More Wells Off Guyana as Regulator Opens Public Review
ExxonMobil plans up to 35 exploration and appraisal wells in Guyana's Stabroek block between 2028 and 2033. Guyana's environmental regulator initiated a 28-day public consultation on June 14 as the first step toward an environmental impact study.