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

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,
26 Feb 24
Guyana: Axess and GLASS establish Joint Venture in Guyana
Axess Group and Guyana Logistics and Support Services Inc. (GLASS) have signed a joint venture (JV) agreement to establish Axess Glass Inc., the largest Engineering and Asset Integrity Management (AIM) company in Guyana.
14 Feb 24
Guyana: DeepOcean awarded Guyana offshore contract
Ocean services provider DeepOcean has been awarded a contract by ExxonMobil Guyana for the provision of subsea construction and IMR (inspection, maintenance, and repair) services offshore Guyana, South America.
11 Jan 24
Guyana: Jumbo Offshore awarded mooring pre-installation contract by MODEC for the FPSO Errea Wittu
Jumbo Offshore has been awarded a contract by MODEC for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located offshore Guyana.
02 Jan 24
Guyana: TGS sets record with successful completion of groundbreaking deepwater node survey campaign offshore Guyana
TGS has announced the successful completion of a series of marine Ocean Bottom Node (OBN) surveys offshore Guyana. On December 1st, 2023, the final node recovery marked the culmination of three exclusive OBN surveys commissioned by ExxonMobil Guyana. TGS successfully acquired 2,400 sq kms of OBN data.

Guyana - more news

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