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What is the outlook for Guyana's oil sector?

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/21103

What is the outlook for Guyana's oil sector?

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Title: What is the outlook for Guyana's oil sector?
Author: Inter-American Dialogue’s Latin American Energy Advisor
Subject(s): Latin America
Guyana
Guyana-Suriname Basin
oil
oil sector
investment
Venezuela
border dispute
exploration
Essequibo area
offshore projects
Corentyne block
Abstract: The U.S. Geological Survey estimates that the Guyana-Suriname Basin could contain more than 15 billion barrels of oil as well as gas reserves of 42 trillion cubic feet. Guyana has awarded concessions to several major international oil companies as it seeks to exploit that potential, but oil has not yet been struck. What is the outlook for Guyana's oil sector? Does the country have the right regulatory environment in place to attract investment? Will the country's longstanding border dispute with Venezuela or current political gridlock affect the sector's development?
Date: 2012-07-16
Publisher: Inter-American Dialogue
Description: Article re-posted as a PDF document with permission from the publisher as part of an Institutional Repository collection to aggregate Latin American energy policy, dialogue, white papers, reports, and educational materials.
URI: http://hdl.handle.net/1928/21103
Available at: http://www.thedialogue.org

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