Guyana setting new global benchmark in energy development

–ExxonMobil’s Upstream Company, Vice-President of ExxonMobil’s Corporation says

GUYANA’S energy expansion ranks among the most significant developments worldwide, Dan Ammann, President of ExxonMobil’s Upstream Company and Vice-President of ExxonMobil Corporation, has said.
Addressing the opening of the 2026 Guyana Energy Conference and Supply Chain Expo, he described Guyana as “perhaps the most exceptional energy development anywhere in the world.”
Ammann highlighted the rapid progress on the Stabroek Block, pointing to multiple projects brought online ahead of schedule and under budget.
He said the development was already transforming Guyana through new infrastructure, jobs and local supplier opportunities, and stressed the company’s commitment to responsibly developing both oil and natural gas.
“From that vantage point, I can say very confidently that Guyana is perhaps the most exceptional energy development anywhere in the world, not only due to the scale of the resource offshore, but how it’s being developed, how it’s being managed, and importantly, what it is enabling onshore.”
Ammann pointed to the country’s plans for its flagship Gas-to-Energy (GTE) project designed to lower domestic electricity costs and reduce emissions, as among the massive investments being made to promote long term sustainability.
“Energy development is transforming this country. You can see it everywhere, new construction, hospitals, clinics, schools, roads, bridges, shops and stores, unification projects, community centres and recreation. More importantly, you can see it in terms of human capital, the creation of new jobs, expanding business opportunities, improvements in health and real progress in education.”
He emphasised that oil alone does not create wealth, noting that good governance, stable institutions and sound policies are equally critical. Guyana, he said, has been deliberate in establishing those foundations.
“There are three winning ingredients to a successful oil and gas development. First, invest where we see durable and high quality resources, scalable developments and strong, reliable partners. Second, execute with discipline so that the projects are competitive through the cycles, not just when prices are high. And third, operate with excellence in project completion, safety, reliability and continuous improvement in environmental performance.”
He added: “From a global perspective, Guyana has set a new standard, showing what can happen when a country marries a world class resource with wise leadership and responsible citizenship.”
Reaffirming ExxonMobil’s position, he said the company remains committed to developing Guyana’s gas resources and maximising their value for the country, moving in step with the Government of Guyana to monetise those resources.
“Let me be clear about ExxonMobil’s commitment: we are committed to developing Guyana’s gas and maximising its value and impact for the country. And we are committed to moving as fast as the Government of Guyana in doing what it takes to monetise the resource as rapidly, safely and smartly as possible.”
He remarked that Guyana’s energy development is not defined solely by production figures, but by the broader social and economic progress it supports.
“The Guyana energy story is an exceptional one, but it’s not a story of oil and gas development. It’s a story about what oil and gas can enable.”

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