South America / GoM
Country profile: Guyana
Location: | Northern South America, bordering the North Atlantic Ocean, between Suriname and Venezuela |
Climate: | tropical; hot, humid, moderated by northeast trade winds; two rainy seasons (May to August, November to January) |
Terrain: | mostly rolling highlands; low coastal plain; savanna in south |
Size: | 214970 sq. km total (Land area: 196850 sq. km Water area: 18120 sq.km) |
Population: | 770,794 |
Languages: | English, Amerindian dialects, Creole, Caribbean Hindustani (a dialect of Hindi), Urdu |
Government: | republic |
Capital city: | Georgetown |
Legal system: | based on English common law with certain admixtures of Roman-Dutch law; has not accepted compulsory ICJ jurisdiction |
Currency: | Guyanese dollar (GYD) |
Licensing: |
Country profile
Regional leaders created the Economic Community of West African States (ECOWAS) on May 28, 1975 in Lagos, Nigeria. ECOWAS is comprised of 15 countries, which include: Benin, Burkina Faso, Cape Verde, Cote d’Ivoire , The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria , Senegal, Sierra Leone, and Togo. The leaders established ECOWAS to promote regional integration and economic growth in West Africa, as well as to create a monetary union in the region. However, ECOWAS has encountered problems in the process of regional integration including: political instability and lack of good governance that has plagued many member countries, the insufficient diversification of national economies, the absence of reliable infrastructure, and the multiplicity of organizations for regional integration with the same objectives. Originally a Dutch colony in the 17th century, by 1815 Guyana had become a British possession.
The abolition of slavery led to black settlement of urban areas and the importation of indentured servants from India to work the sugar plantations. This ethnocultural divide has persisted and has led to turbulent politics. Guyana achieved independence from the UK in 1966, and since then it has been ruled mostly by socialist-oriented governments. In 1992, Cheddi JAGAN was elected president in what is considered the country's first free and fair election since independence. After his death five years later, his wife, Janet JAGAN, became president but resigned in 1999 due to poor health. Her successor, Bharrat JAGDEO, was reelected in 2001 and again in 2006.
Energy production and consumption
Oil | Gas | |
Production: | ||
Consumption: | 10,500 bbl/day (2005 est.) | |
Exports: | ||
Imports: | bbl/day (2005 est.) | |
Reserves: | ||
Major fields: |
Guyana - recent news
16 Apr 24 |
Guyana: Strohm wins third and largest ever TCP ‘Jumpers On Demand’ contract from ExxonMobil Guyana ExxonMobil Guyana has awarded Strohm a TCP 'Jumper On Demand' contract for the supply of TCP for the Whiptail project. This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana, following previous awards for the Yellowtail and Uaru projects. This latest award marks the largest commercial award for pipe supply in the company’s 16-year history. |
15 Apr 24 |
Guyana: TechnipFMC awarded large subsea contract for ExxonMobil Guyana’s Whiptail project TechnipFMC has been awarded a large contract in Guyana’s Stabroek Block by Exxon Mobil affiliate ExxonMobil Guyana to supply subsea production systems for the Whiptail project. |
15 Apr 24 |
Guyana: ExxonMobil makes final investment decision on the Whiptail development offshore Guyana ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027. |
15 Apr 24 |
Guyana: SBM Offshore awarded contracts for ExxonMobil Guyana’s FPSO Jaguar SBM Offshore has announced that ExxonMobil Guyana Limited ('EMGL') has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. |
18 Mar 24 |
Guyana: ExxonMobil Guyana announces new discovery ExxonMobil Guyana has announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024. The well is located approx. 8.5 kms southeast of the Sailfin-1 well, in the southeastern portion of the Stabroek block, |
Guyana - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela