The Government of Guyana has made public the production sharing contract between the Government of Guyana and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited. The release of the agreement came on the heels of several sections of the business community in Guyana calling for it.  

ExxonMobil’s figures currently stand at 2.25 billion to 2.75 billion barrels total recoverable reserves in the Stabroek Block. The royalty and terms outlined in the production sharing contract between ExxonMobil and Guyana will apply to the entire area known as the Stabroek Block, located 120 miles offshore the South American country.