Country Report

Guyana upstream summary

22 October 2019

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22 October 2019

Guyana upstream summary

Report summary

Guyana's upstream fortunes changed with the Liza oil discovery. Liza proved to be the first in a series of 13 discoveries made over 2015-2019 on the block. Additional appraisal wells were successful, confirming a giant discovery. The Stabroek block has the size of 1,150 US deepwater GOM blocks and there is still plenty of exploration potential. The partners will achieve first oil at Liza by 2020 as the first phase of a multi-FPSO development of the cluster of discoveries. Liza project ...

Executive summary
Key facts
Location maps
Key companies
Geology
- Introduction
- Guyana basin
  - Tectonic evolution
  - Stratigraphy
  - Petroleum system
  - Stratigraphic column
- Takutu graben basin
  - Tectonic evolution
  - Stratigraphy
  - Petroleum system
  - Stratigraphic column
Exploration
- Licensing
  - Guyana basin
  - Takutu Graben basin
- Drilling
  - Drilling activity
  - Guyana basin
  - Takutu Graben basin
Reserves and resources
Production
- Gas
Infrastructure
- Introduction
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- International boundaries
  - Resolution of the maritime border dispute with Suriname
  - Border dispute with Venezuela
- Licensing
  - Licence types
Fiscal terms
- Overview
- Current fiscal terms
  - Production sharing contracts (PSCs)