Oil Discoveries Put Guyana On Path To Transformation

The country aims to manage its burgeoning oil sector responsibly, while attracting further investment and funding needed for infrastructure projects and services.

Velda

Addison

Hart Energy

Wed, 02/27/2019 - 01:53 PM

Guyana aims to manage its burgeoning oil sector responsibly, while attracting further investment and funding needed for infrastructure projects and services.(Source: Shutterstock.com)

HOUSTON—The oil and gas success story unfolding offshore Guyana has the potential to transform the small South American country, while boosting production and revenues for energy companies developing the massive finds.

But Guyanese officials want to make sure the country manages the sector responsibly as oil discoveries made by Exxon Mobil Corp. and partners keep the spotlight on Guyana and its frontier exploration opportunities.

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