Aug 19, 2026 Features / Columnists, The GHK Lall Column

(Kaieteur News) In over six years, 10 percent of Guyana’s stated oil reserves is gone. There’s confidence that Exxon will find more replacement oil. The company may have come across more proven reserves than it has been saying. But that’s for another day. It is a rather lonely figure that 11.6 billion barrels. Stuck at midnight for several years now.

If 10 percent of Guyana’s current oil reserves is out from under the seabed in over six years, then there’s 50+ years of production left. That is, barring new discoveries, which should only be a positive. There is, however, a little number that should have caught the eye of Guyanese who watch these developments. The date and number are part of the fine print.