Guyana approves go-ahead of $500m oil services centre on coast

Guyana approves go-ahead of $500m oil services centre on coast

The government of Guyana has given the OK to construction of a $500m oil and gas services centre to be built on the coast of the South American country.

In May 2015 ExxonMobil made a huge oil discovery offshore the former British colony. It estimated the find in the Stabroek block at between 800m and 1.4bn equivalent barrels.

The discovery has exacerbated territorial claims between Guyana – the only English speaking country in South America – and its neighbor Venezuela, which is rich in oil resources but in a desperate economic condition.

The planned services centre will be located about 62 miles southeast of the Guyana capital Georgetown.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

Related Posts