Guyana tipped for another find
The frontier oil province is set for yet another significant investment opportunity. But political uncertainty is just one of the many myriad challenges the country faces before first oil
Guyana is anticipating the announcement of another major oil find as early as next week, the country's chief investment official said at the SPE Offshore Europe conference. "There have been some big discoveries and, by next Friday, we will be announcing another one", says Owen Verway, CEO of the Guyana Office for Investment, adding that he could not give more detail at this stage. "We are one of the hottest destinations for the oil and gas industry right now and that is set to continue." The frontier province has been among the most successful upstream hotspots for the industry. Since 2015, ExxonMobil and its partners have made 13 discoveries offshore Guyana totaling around 5.5bn bl oe. On 2
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
