Guyana Stabroek Block production surpasses 1 million bpd, 11 years after discovery

ExxonMobil reports Guyana's Stabroek Block has exceeded 1 million barrels per day, reaching 1 billion barrels cumulative production just 11 years after discovery. This marks a rapid ramp-up for a new deepwater province, positioning Guyana as a significant non-OPEC supply source. The milestone underscores the accelerating shift in global oil supply geography, though future growth depends on project execution and potential fiscal terms.

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