![]() energy supermajor ExxonMobil, and consortium partners Hess and CNOOC, which is at the heart of Guyana’s burgeoning oil boom. Recent events point to further oil discoveries being made and that energy investment will continue growing both of which will boost Guyana’s reserves and oil production. Despite recent negative developments, Guyana’s epic oil boom will continue gaining momentum for at least another decade with the country on-track to be pumping 1.2 million barrels a day by 2027. ![]() ![]() Guyana’s petroleum production has expanded at a stunning clip, growing from less than 100,000 barrels a day in early 2020 to nearly 400,000 barrels per day by the end of March 2023. The ensuing economic boom created by surging oil production saw Guyana emerge as the world’s fastest growing economy reporting stunning double-digit GDP since 2020, which hit an incredible 62% for 2022. The impoverished South American micro-state Guyana is in the midst of an epic oil boom which has seen the former British colony emerge as the hottest frontier offshore drilling region. ![]()
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