Introduction
Given my “bullish outlook” on Guyana’s potential petroleum resources, today’s column considers the profile Guyana’s petroleum exports might be assuming in the next decade. Considering this today, when Guyana’s petroleum sector is still very much in its infancy, may be considered quite pre-mature. While true, such considerations are already being raised in the international and national reporting on Guyana’s petroleum prospects.
Recent headlines attest to this. Thus, in response to the Question “who will be the world’s largest oil producing country per person in the 2020s? The headline in the National Business screamed: 1) Guyana may be the next big beast in global oil; 2) Guyana – How to Invest in the Next Wealthiest Country in the World, appeared in The Value Portfolio, January, 2020; 3) Guyana Overtakes Russia as the world’s top oil discoverer for 2019, headlined by Rystad Energy, January, 2020; 4) Guyana: The Only Hotspot where Big Oil Will Still Spend, by T. Paraskova, headlined in Oil Price, May, 2020; 5) Liza crude could be the “oil of choice”, appeared in Oil Now, July 3, 2020; 6) Liza crude is perfect for making jet fuel, other products in high demand, O&G Report, also appeared in Oil Now, June 2, 2020; and, 7) Canje could be the next block to deliver big oil pay in Guyana deepwater, similarly in Oil Now, June 1, 2020. The last item follows the description of the Stabroek Block offshore Guyana as “the block that keeps giving”!
