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
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)

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
Consumption: 10,500 bbl/day (2005 est.)  
Imports:  bbl/day (2005 est.)  
Major fields:

Guyana - recent news

16 May 24
Guyana: Seatrium awarded repeat FPSO integration contract from SBM Offshore
Seatrium has been awarded a contract for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel. The FPSO will be deployed to serve in the Whiptail Field, Offshore Stabroek Block, Guyana for ExxonMobil Guyana.
06 May 24
Guyana: Seatrium secures FPSO topsides integration contract with MODEC
Seatrium has secured a Floating Production Storage and Offloading (FPSO) topsides integration contract from longstanding customer, Offshore Frontier Solutions, a MODEC Group company. The contract scope of work covers the installation and integration of topside modules onboard the FPSO Errea Wittu, which will be deployed in the Uaru Field, Stabroek Block, approx. 200 kms offshore Guyana.
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.

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