Guyana is on the cusp of another major leap in oil production, with ExxonMobil confirming that the country's…

Guyana is on the cusp of another major leap in oil production, with ExxonMobil confirming that the country's fifth floating production vessel remains on schedule to begin operations before the end of the year. The company announced on Friday that the fifth FPSO has departed for Guyana and is expected to commence production during the fourth quarter of 2026, adding another 250,000 barrels of oil per day to the country's installed production capacity. Once operational, the vessel will further expand output from the Stabroek Block, reinforcing Guyana's position as one ofthe world's fastest-growing oil producers. The fifth FPSO represents another milestone in an offshore development programme that has transformed Guyana from a frontier exploration basin into one of the most significant new oil provinces globally in less than a decade. The fifth floating production, storage, andoffloading (FPSO) vessel for Guyana's Stabroek block is named Errea Wittu and was built by the Japanese shipbuilder MODEC.