Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022. Guyana may see $7.5 billion in annual oil and gas revenues by 2030. Guyana is the global leader in total offshore discoveries since 2015, with 11.2 billion barrels of oil equivalent. As the burgeoning Guyanese offshore oil and gas industry goes from strength to strength, powered by the Stabroek block, government revenue from domestic production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030, according to Rystad Energy research. This year is set to be a turning point for the Georgetown government to start capitalizing on the vast reserves in the offshore field, with revenues more than doubling over 2021 levels. Low breakevens and below-average emissions intensity in the Stabroek will propel Guyana from a relatively small producer to a global leader in the coming […]