Jamison Braun

2 months ago | insight.factset.com | Mitch Jennings |Jamison Braun |Connor McLean |Katrina Abuls

Oil production in Guyana has grown exponentially since it started in 2019, booming from an average of 75 Mb/d in 2020 to 618 Mb/d in 2024. In December 2024, production reached an all-time high of 635 Mb/d, and by the end of the decade, oil production could more than double as a total of eight projects come online. ExxonMobil still has final investment decisions (FIDs) to make on its Hammerhead and Longtail projects, which are slated to come online near the end of the decade.