CARICOM Member GUYANA, Projected To Become Worlds Largest Oil Producer ‘per-capita’ In 13 Years

Although Climate Change was the center of the global COP-26 conference in Glasgow, Scotland in October 2021. The interesting news in oil-production in the region is ‘Guyana’ which is estimated to have 10-Billion Barrels of oil, and will be pumping an estimated 1.5-million Barrels a Day by 2035.

Just 3 weeks before the start of the COP-26 Climate Change Conference, several oil companies working with EXXON-MOBILE at off-shore drilling site near Guyana announced that an additional 9-10-Billion Barrels of oil was discovered at a location off the coast of Guyana, referred to as the ‘Stabroek Block’.

Stabroek Block
Illustration: courtesy HESS


Guyana: Population 790k
Largest City: Georgetown
Capital: Georgetown
Currency: $1 US Dollar = 209.08 Guyanese Dollars ( Dec 2021 & latest exchange rate )

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Guyana’s GDP: compared to Belize & Surinam


On October 7th. 2021 ‘Off-Shore-Energy’ reported
“ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45 per cent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 per cent interest and CNOOC Petroleum Guyana Limited holds 25 per cent interest”.

The news has gotten the attention of the climate-change activists, but many environmentalist groups and conservationists orgs. fail to realize the reality of the world and simply try to get laws and legislations passed, that often times never result in real change that solves the problems of pollution and climate change mitigation.

Similarly in Belize, the focus has been on passing novel legislations that seems to be accomplishments by environmentalists, but those laws are very seldom adopted and enforced, because they are not realistic.

“We hope that the ocean preservation orgs. will get good practical recycling programs adopted in Belize, to mitigate the huge amounts of plastics that are not recycled”, said a hopeful observer of recently banned-plastics-containers in Belize, “those laws are not adopted, because they are not realistic”.

Written & Compiled by: / digitalBelize,LIVE Staff writer – Tuesday, December 28th. 2021 –