ExxonMobil Guyana will mark five years of oil production in Guyana on December 19, a significant achievement that underscores the transformative potential of the country's growing energy sector.
Since “first oil” at the offshore Liza Phase 1 project five years ago, Guyana has become the third largest per-capita oil producer in the world. The oil-and-gas sector has spurred tremendous economic growth in Guyana, helping to elevate the country to one of the fastest-growing economies globally.
ExxonMobil Guyana is dedicated to enhancing local capacity, and Guyanese businesses and workers play critical roles in its operations. More than 6,000 Guyanese are currently employed in good-paying industry jobs, and ExxonMobil Guyana and its suppliers have invested more than GY $2 trillion to procure goods and services from more than 1,700 local Guyanese businesses.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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