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