GUYANA’S RECORD-BREAKING OIL BOOM
https://media.zenfs.com/en/oilprice.com/c63ce1f577357ae4e799438873f37d33
✍️ Guyana, a small South American nation, has emerged as a top oil producer after a series of high-quality discoveries in the offshore Stabroek Block, leading to significant economic growth and a ranking among the wealthiest in South America.
👉 Guyana has emerged as a top oil producer after a series of high-quality discoveries in the offshore Stabroek Block. 👉 ExxonMobil made the first oil discovery in Guyana's territorial waters in 2015, followed by a swathe of major commercially viable discoveries. 👉 Guyana's oil is light and sweet, making it desirable in a low-emission world. 👉 The development of the Stabroek Block is continuing at a rapid pace, with four projects online and several more in development. 👉 Guyana's government has revised the contracts to ensure a greater share of profits for the country. 👉 The oil acreage is estimated to have a low average breakeven price of $30 per barrel.
-- #Guyana #StabroekBlock #Georgetown #Suriname #Brazil #Venezuela #Ecuador #Colombia #Argentina #energy
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