Energy: Guyana
Key Facts
—Issue. Critics argue Guyana’s ExxonMobil-operated Stabroek Block production sharing agreement lacks a “ring-fencing” clause, letting costs from new developments be recovered against the earnings of producing fields.
—Output. Stabroek production crossed 900,000 barrels per day in late 2025 and averaged about 903,000 bpd in April 2026, sharpening the financial stakes of the debate.
—Cost claim. The estimate comes from civil-society analysts — not the IMF or IDB: they put Guyana’s 2025 forgone profit-oil near US$4.9 billion, with cumulative losses cited at up to US$12.4 billion.
