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 Mar 25
Guyana: Frontera Energy and CGX Energy provide update on Corentyne Block Licence
Frontera and CGX have invited the Government of Guyana to amicably resolve the issues affecting the Joint Venture's investments in the Corentyne block, offshore Guyana, following the Governments recent communication regarding the current status on the block.
03 Mar 25
Guyana: EnerMech awarded pre-commissioning contract for ONE GUYANA FPSO by SBM Offshore
EnerMech has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is set to arrive in Guyanese waters this year.
03 Mar 25
EnerMech awarded pre-commissioning contract for ONE GUYANA FPSO by SBM Offshore
EnerMech has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is set to arrive in Guyanese waters this year.
24 Feb 25
Guyana: Shearwater Geoservices awarded large 4D OBN seismic program in Guyana
Shearwater Geoservices has announced the award of a large deepwater 4D OBN reservoir surveillance program by ExxonMobil Guyana.
11 Feb 25
Guyana: Frontera Energy and CGX Energy provide update on Corentyne Block
CGX Energy and Frontera Energy, JV partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, have received a communication from the Government of Guyana stating that the Licence has terminated. The JV remains firmly of the view that its interests in, and the License for, the Corentyne block remain in place and in good standing and the Petroleum Agreement has not been terminated.

Guyana - more news

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