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Sep 04, 2026 Editorial, News
(Kaieteur News) – Guyana is the best investment in the world. A richer return than a highflying hedge fund. A sure deal when compared to a casino. Which investor in the world is not on the hunt, for a place to place that is risk-free, to place some heavy millions? Guyana is that place, one that is proven, with no questions left hanging.
Six years into production from the Stabroek Block, and it is giving at greater quantities daily. The oil is of a high quality, the breakeven is relatively low compared to other countries, and there is the advantage of a shorter distance to refineries and markets. Six years after First Oil and a stream of ‘discoveries’, proven reserves stand at 11.6B barrels. Instead of stand, stuck at 11.6B barrels may be more applicable. One billion barrels are gone, which tells the torrid pace of daily production. Darren Woods, ExxonMobil’s Chief Executive Officer, held his audience captive during his second quarter earnings report. The intriguing came from him: four oilfields in Guyana’s Stabroek Block that would leave prior great oil discoveries around the world in the dust. It is how out-of-this-world, the four developing oil finds are.
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