ExxonMobil says it is looking to expand offshore projects in Trinidad and Tobago as it seeks to repeat the success it has achieved from discoveries and development off Guyana. Company officials indicate the focus is on further exploration in the basin to the east of Venezuela.
The outlets describe this as part of a broader strategy to identify new large-scale opportunities in the Caribbean region after Guyana’s oil boom. While the specifics vary by source, the common theme is ExxonMobil’s intent to leverage its experience and infrastructure in the wider area to develop additional resources offshore. The Financial Times frames the effort as an attempt to “replicate” Guyana’s outcomes, while INews Guyana highlights comments from the company’s global exploration head. Seeking Alpha similarly links the Trinidad and Tobago interest to a follow-on drilling push connected to Guyana’s performance.
