Guyana is expected to earn US$7.5 billion annually through several oil projects in Stabroek Block

Guyana will go from a frontier oil exploration player to a top five global offshore producer in the next five years.

By the year 2030, Guyana, the only English-speaking country in South America, is expected to earn approximately US$7.5 billion annually through several oil projects in the offshore Stabroek Block.

This is according to Energy Researcher, Schreiner Parker, speaking at a recent virtual presentation hosted by the Guyana Business Journal and Magazine, who said the government’s take from oil and gas production, just from the Stabroek Block would amount to billions of dollars.

Read also: Check out our coverage on Guyana

The government’s . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?