Guyana: Highest per capita world oil producer by 2035

Guyana is projected to become the highest per capita oil producer in the world by 2035 (Photo via DPI)
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Guyana is projected to become the highest per capita oil producer in the world by 2035, according to Latin American strategic market research firm, Americas Market Intelligence (AMI).

According to Arthur Deakin, Energy Practice CoDirector, AMI, Guyana could be producing 1.4 million barrels of oil per day by 2035. Deakin said that 20% of the 10 billion barrels estimate is gas, adding that AMI sees Guyana becoming a gas exporting hub for CARICOM.

Features that make Guyana attractive include the breakeven costs associated with the production of the country’s crude, which are in the range of US$25 and US$35, one of the lowest globally.

Extract from CARICOM BUSINESS Vol 4 No. 49

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