South America / GoM

Guyana flag
Summary | Profile

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

13 Aug 25
Guyana: AquaTerra Group expands global reach with new office in Guyana
AquaTerra Group has announced the establishment of AquaTerra Marine Inc in Guyana, marking a significant step in the company’s strategic growth. AquaTerra has successfully executed several projects in the region since incorporation in 2024 and also holds Guyanese Local Content Compliance.
10 Aug 25
Guyana: FPSO ONE GUYANA producing and on hire
FPSO ONE GUYANA is the fourth and largest FPSO that SBM Offshore operates in Guyana and builds on the excellent operational performance of FPSOs Liza Destiny, Liza Unity and Prosperity.
09 Aug 25
Guyana: ExxonMobil Guyana begins production at fourth offshore Guyana project
ExxonMobil Guyana has started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 barrels of oil per day.
01 Aug 25
Guyana: Strohm completes the first 13 jumpers for ExxonMobil in Guyana
In a first for both the region and the client, Strohm has completed fabrication of the first 13 water alternating gas injection (WAG) thermoplastic composite pipe (TCP) Jumpers as part of its innovative Jumper on Demand concept, for ExxonMobil’s Yellowtail field offshore Guyana.
21 Apr 25
Guyana: MODEC wins ExxonMobil Guyana’s Hammerhead FPSO contract
MODEC has been awarded a contract by ExxonMobil Guyana to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD).

Guyana - more news

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