Caribbean Energy Week 2027 Launches as Guyana’s Oil Boom Enters New Phase

Guyana is rapidly approaching one million barrels per day of oil production, but the country’s next wave of growth could be defined as much by what happens beyond the oil fields as by the continued expansion of offshore output. That was the message from senior government and industry leaders in Georgetown on Tuesday as Caribbean Energy Week (CEW) 2027 officially launched in-country, bringing investors and energy stakeholders together around Guyana’s expanding pipeline of opportunities.

Natural Resources Minister Vickram Bharrat said Guyana’s production has surged from around 80,000 barrels per day in 2020 to more than 900,000 bpd, with the country on track to approach 1.7 million bpd by the end of the decade.

Bharrat highlighted exploration and the wider oil and gas value chain as major areas of opportunity, with Guyana’s local-content framework creating new avenues for international investors to partner with domestic companies. “You are in the right place, at the right time,” he told investors.