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On December 9, 2022 Guyana's Ministry of Natural Resources (MNR)
launched the Guyana 2022 Licensing Round which offers 14 blocks for
tender in shallow water and deepwater areas. The round build on the
success of the recent E&P activity in Guyana that has led to
over 15 billion barrels of oil equivalent being discovered since
the Liza discovery by ExxonMobil in 2015. Guyana owes its success
to a combination of above ground and below ground factors that are
paving the way for accelerated growth. The resource endowment
combined with attractive fiscal terms and expediency in bringing
the discoveries to market are some of the key drivers for
success.
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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