By Antonio Dey | HGP Nightly News
Former U.S. President Donald Trump’s campaign proposals to increase oil production and lower global prices have sparked questions about how this could affect ExxonMobil’s massive investments in Guyana.
Speaking on the matter, ExxonMobil Guyana President assured that the company’s operations remain shielded from political fluctuations in Washington. He explained that Guyana’s offshore projects are among the lowest-cost oil developments globally, making them sustainable even if prices were to dip.
“As long as oil remains above $35 per barrel, Guyana’s business model is incredibly robust,” he said, emphasizing that the country’s deep-water finds position it as a long-term energy hub regardless of shifts in U.S. policy.
With Guyana’s production already surpassing 600,000 barrels per day and projected to double in the coming years, ExxonMobil has reaffirmed that its commitment to the Stabroek Block and wider offshore development is secure and profitable, even in a lower-price environment.
