Country Report

Guyana upstream summary

22 July 2018

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22 July 2018

Guyana upstream summary

Report summary

Guyana is a former British colony located on the northeast coast of South America. It borders Venezuela, Brazil, and Suriname. Exploration drilling began in 1916. The country was under-explored and no significant oil discoveries were made until 2015. ExxonMobil's deepwater Liza discovery that year proved to be the first in a string of impressive discoveries made on the huge Stabroek block. Since 2015, the country has been a global leader in conventional oil discoveries.The Guyana basin ...

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 maritime border dispute with Suriname
  - Border dispute with Venezuela
- Licensing
  - Licence types
Fiscal terms
- Overview
- Current fiscal terms
  - Production sharing contracts (PSCs)