Stabroek Block

Deepwater development offshore Guyana. Four FPSOs in operation at YE2025 — Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA (Yellowtail), which entered service in August 2025; combined gross production exceeded 870 kbd in Q4 2025 and Guyana achieved record annual production of 715 kbd. Uaru and Whiptail (fifth and sixth developments, ~250 kbd investment-basis capacity each) progressing on schedule; Hammerhead reached FID in September 2025 with start-up anticipated 2029. Eight FPSOs anticipated by year-end 2030. Guyana petroleum agreements provide 20-year production periods for oil fields (renewable up to 10 years).