Overview
The GoG is also rolling out plans to deliver on a diversified energy mix including solar, wind, hydropower projects, and micro-grids to decarbonize the energy matrix and provide small scale power generation solutions for remote communities. U.S. firms are well positioned to utilize opportunities for integration of renewable power to the grid and those with smart grid and AI predictive maintenance technology may have a unique advantage, especially if it can be integrated with legacy technology. U.S. firms are encouraged to participate in tenders as there is a shift towards high quality and long-term value and away from the lowest initial cost as the deciding factor.
ExxonMobil and its partners first discovered oil in the Stabroek Block offshore of Guyana in 2015. In August 2025, ExxonMobil’s fourth Floating Production Storage and Offloading (FPSO) vessel began production. As of July 2025, Exxon and its partners produced over 664,000 barrels of oil per day. In September 2025, ExxonMobil and its partners made a final investment decision for the Hammerhead development offshore Guyana, the seventh project on the Stabroek block, which is anticipated to come online in 2029 with a capacity to produce approximately 150,000 barrels of oil per day. The US$6.8 billion Hammerhead project will include 18 production and injection wells. This latest decision increases funds committed for seven approved Stabroek Block offshore projects to more than US$60 billion. The pace of production in Guyana is projected to accelerate dramatically with Guyana projected to produce over 1.2 million bpd by 2027, making it a top 20 oil producing nation and by far the largest oil producing nation per capita. The rapid ramp-up creates opportunities for oil and gas support service companies and suppliers. U.S. companies are well positioned to be the preferred partners in this sector especially socially responsible well-known companies that present comprehensive solutions that support Guyana’s long-term vision.
A 12-inch pipeline from the Liza Phase 1 and Liza Phase 2 offshore Floating, Production, Storage, and Offloading (FPSO) vessels has been constructed to deliver natural gas liquids to onshore facilities. The pipeline is expected to transport approximately 50 million standard cubic feet per day (MSCFD) of dry gas but has a capacity of about 120 million to 130 million cubic feet per day. To leverage this supply of gas, the GoG is implementing an ambitious project to reduce the cost of electricity by 50 percent through the development of a 300-megawatt gas-to-energy combined cycle electricity generation project, the largest public infrastructure project in Guyana’s history. The gas to energy project is expected to be completed and come online by 2027 and generate a reliable supply of lower-cost electricity. Other possible projects include the construction of facilities to compress gas for transport via truck to regions that lack access to gas pipeline infrastructure.
The Ministry of Natural Resources develops, implements, and oversees policies for the exploration and utilization of Guyana’s natural resources, including oil. The Local Content Secretariat is responsible for ensuring firms comply with the LCA and is housed within the Ministry of Natural Resources. Investors seeking to participate in Guyana’s oil and gas sector are encouraged to register with both the Local Content Secretariat and the Center for Local Content and Development, which has a supplier registration portal and serves the oil and gas sector in addition to the Secretariat.
Sector specific opportunities
- Deep water oil and gas exploration and development
- Provision of drilling and seismological services and equipment
- Shore base services
- Deep water port
- Industry specific certified training and capacity building initiatives
- Marketing and hedging of oil on behalf of the Government of Guyana
- Oil & gas specific products and equipment including but not limited to chemicals, steel, paints, tools, etc
- Maritime offshore support and maintenance services