ABSTRACT
This chapter explores the implications of the discovery of vast reserves of oil and gas off the coast of Guyana. It begins with an appraisal of Guyana’s pre-petroleum performance, which roughly covers the decade ending in 2015. Next, it examines several economic projections for the post-petroleum period, up to the 2030s. Within this framework a sector analysis of Guyana’s emerging petroleum industry is developed. It concludes that with a full ramp-up of production, Guyana’s recoverable reserves will significantly exceed current findings, falling within a range of 13–15 billion barrels of oil equivalent. However, full ramp-up projections may not be reached until the late 2030s.
