ExxonMobil has signed an agreement to explore offshore deepwater blocks in Trinidad and Tobago, marking its return to the country after two decades. The company plans to conduct 3D seismic surveys within six months, followed by the drilling of up to two exploration wells. The Trinidad and Tobago Energy Minister indicated that if commercially viable oil and gas reserves are confirmed, ExxonMobil could invest as much as $21.7 billion in the project. This move follows ExxonMobil's decade-old success with the world's largest oil discovery in a generation in nearby Guyana. Initial exploration activities include $42 million allocated for seismic work. The project is seen as an attempt to replicate the Guyana oil and gas boom in Trinidad and Tobago, with potential investment exceeding $20 billion.