GEORGETOWN, Guyana – The Guyanese government has formally welcomed strengthened energy partnerships with U.S. oil giants ExxonMobil and Chevron, following firm commitments announced during the recent Guyana Energy Conference and Supply Chain Expo. Both corporations pledged to support the responsible development of Guyana’s hydrocarbon resources while ensuring generational benefits for the nation.
ExxonMobil Guyana President Alistair Routledge emphasized the company’s substantial investment in local content development, revealing that US$3.6 billion has already been allocated to Guyanese employment and local business procurement. Meanwhile, Chevron CEO Mike Wirth affirmed his company’s dedication to supporting Guyana’s ongoing development initiatives, particularly through its 30 percent stake in the prolific Stabroek Block.
Natural Resources Minister Vickram Bharrat disclosed remarkable production growth metrics, with oil output surging from 120,000 barrels per day (bpd) in 2020 to exceeding 900,000 bpd by 2025. This transformation establishes Guyana as a premier global producer of low-cost, low-emission resources while maintaining international respect for its well-regulated energy sector.
The Ministry of Natural Resources concluded the conference by reaffirming its commitment to collaborative stakeholder engagement, ensuring that natural resource management delivers inclusive and sustainable benefits for Guyanese citizens and the broader regional community.