The U.S. Geological Survey estimates that the Guyana-Suriname Basin could contain more than 15 billion barrels of oil as well as gas reserves of 42 trillion cubic feet. Guyana has awarded concessions to several major international oil companies as it seeks to exploit that potential, but oil has not yet been struck. What is the outlook for Guyana's oil sector? Does the country have the right regulatory environment in place to attract investment? Will the country's longstanding border dispute with Venezuela or current political gridlock affect the sector's development?
Article re-posted as a PDF document with permission from the publisher as part of an Institutional Repository collection to aggregate Latin American energy policy, dialogue, white papers, reports, and educational materials.
Inter-American Dialogue's Latin American Energy Advisor. "What is the outlook for Guyana's oil sector?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/167