Exxon Just Took Over Guyana’s Oil

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ExxonMobil has just taken full control of Guyana’s offshore oil infrastructure, completing the purchase of the largest FPSO in the Stabroek Block. With this acquisition, Exxon now owns all four FPSOs operating in Guyana’s prolific oil fields, marking a historic moment for the Caribbean’s energy landscape. This $2.3 billion investment not only reshapes Guyana’s oil production capacity but also signals a major shift in regional infrastructure, economic growth, and energy influence.

In this in-depth analysis, we explore the scale, cost, and technical details of these floating production and storage vessels, the financial structure behind the purchases, and the long-term implications for Guyana and the wider Caribbean. From job creation to trade benefits and regional competition, this documentary-style breakdown reveals how offshore oil is redefining Caribbean economies and infrastructure development.

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