ExxonMobil Stabroek Block
Guyana’s Stabroek Block crosses a historic production threshold in May 2026, triggering a cascade of investment decisions across the Caribbean, reshaping Georgetown’s property market and forcing Trinidad’s government to confront its economic future.
Guyana’s oil output surpasses 350,000 barrels per day as Barbados champions the Bridgetown Initiative for climate finance and the Caribbean Development Bank approves US$120 million in green energy financing for six member countries.
Guyana achieves its historic first oil on December 20, 2019 — a watershed moment for the Caribbean. We review a record-breaking 2019 tourism year and look to an optimistic 2020 with exceptional confidence across regional property markets.
The Caribbean holiday season opens with exceptional momentum — Guyana’s historic first oil is imminent with ExxonMobil’s Liza Phase 1 expected to flow any day now, a record 2019 tourism year is closing strongly, and resort property markets are performing at peak levels.
Caribbean tourism reaches its summer peak while the Dominican Republic demonstrates resilient recovery, and ExxonMobil advances Guyana’s Liza Phase 1 toward the historic first oil milestone.
One month after the Brexit vote, Caribbean markets are absorbing the sterling weakness and BOT constitutional uncertainty. ExxonMobil’s Payara discovery in Guyana adds another layer of excitement to the emerging oil economy. Caribbean summer tourism continues to perform strongly despite the global political turbulence.
Two landmark events fell within our June coverage period: the UK voted Leave on 23 June, sending shockwaves through Caribbean British Overseas Territories and sterling-funded buyer markets; and ExxonMobil announced the Liza Phase 1 Final Investment Decision on 29 June, a transformative moment for Guyana and the broader Caribbean investment landscape.
ExxonMobil’s announcement of a world-class oil discovery at the Liza-1 well on the Guyana Stabroek Block on 20 May 2015 has electrified the Caribbean investment community. This edition covers the most transformative energy event in the region’s modern history and its far-reaching property market implications.
Caribbean investment momentum deepens as the region enters its peak summer season. Guyana’s Stabroek Block drilling programme approaches a critical juncture, Jamaica’s IMF programme continues to yield results, and tourism data points to a record year across the archipelago.