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

21 Apr 26
Guyana: Saipem awarded new offshore contract by ExxonMobil for the Longtail project, located in the Stabroek Block offshore Guyana
Saipem has been awarded a new Limited Notice to Proceed (LNTP), worth around 150 million USD, by ExxonMobil Guyana for the engineering, procurement, construction and installation (EPCI) of the subsea structures, umbilicals, risers, and flowlines (SURF) system for the Longtail project, located in the Stabroek Block offshore Guyana, at a water depth of approx. 1,750 metres.
07 Apr 26
Guyana: Hunting awarded $63.5 million of subsea orders for Guyana offshore development
Hunting PLC, the precision engineering group, has been awarded orders totalling $63.5 million for its titanium stress joint ('TSJ') product line, for a new offshore development in Guyana.
24 Mar 26
Guyana: SBM Offshore awarded FEED contracts for the Longtail project in Guyana
SBM Offshore has been awarded contracts by ExxonMobil Guyana, an affiliate of Exxon Mobil Corp, to perform Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the Longtail development project in Guyana. This is the sixth FPSO award from ExxonMobil Guyana.
17 Mar 26
Guyana: ExxonMobil and Halliburton achieve world’s first fully closed-loop automated geological well placement in Guyana
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana.
17 Mar 26
Guyana: ExxonMobil and Halliburton deploy closed-loop automated drilling in Guyana
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana.

Guyana - more news

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