Guyana took center stage at the 2025 Offshore Technology Conference (OTC) in Houston, Texas, highlighting its rapid economic transformation and emergence as a leading player in the global energy sector. The Guyana Pavilion, officially opened by a high-level delegation including the Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Office for Investment (Go-Invest), attracted thousands of energy professionals eager to explore the country’s investment opportunities and development story.
Unprecedented Growth in Oil and Gas
Since commencing oil production in late 2019, Guyana’s economy has tripled, propelled by a string of major offshore discoveries now totaling over 11 billion barrels of recoverable oil. Under ExxonMobil’s leadership, the sector is advancing toward its seventh major project, with oil production set to exceed 900,000 barrels per day in 2025 and projected to reach 1.2 million barrels per day by 2028. This surge has positioned Guyana as the world’s largest per capita crude oil producer and a significant contributor to non-OPEC supply growth in the coming decade.
The start-up of the Yellowtail project and production boosts at Liza 2 are expected to further elevate output, while ongoing exploration and the finalization of a gas development roadmap signal continued expansion. The government’s landmark Gas-to-Energy project, slated for commissioning in 2025, is poised to halve electricity costs and reduce emissions by shifting from heavy fuel oil to natural gas, delivering 300 MW of domestic power and substantial quantities of natural gas liquids for export.
Economic Diversification and Local Content
While oil dominates headlines, Guyana’s OTC delegation emphasized a deliberate and strategic approach to economic diversification. GCCI President Kathy Smith and Chief Investment Officer Dr. Peter Ramsaroop underscored that Guyana is “more than oil,” spotlighting government initiatives to channel oil revenues into infrastructure, education, agriculture, and mining. The country’s robust local content framework ensures that oil sector growth strengthens domestic businesses, creates jobs, and builds capacity across the broader economy.
The OTC platform provided Guyanese companies with opportunities to network, form partnerships, and attract foreign investment, with a special focus on small and medium-sized enterprises (SMEs) eager to participate in the energy value chain.
A Model for Sustainable Development
Panel discussions at the conference explored Guyana’s journey from an emerging to a thriving economy, driven by strategic investments, public-private partnerships, and a commitment to sustainability. The government’s climate adaptation measures, investments in human capital, and infrastructure upgrades are expected to support non-oil GDP growth and ensure that prosperity is broadly shared.
President Irfaan Ali and other national leaders have reiterated Guyana’s adherence to international best practices, transparency, and ethical standards as the country navigates its historic transformation.
Global Recognition and Future Prospects
Guyana’s presence at the 2025 OTC reinforced its reputation as one of the world’s fastest-growing economies and a regional energy powerhouse. With continued oil discoveries, ambitious infrastructure projects, and a clear focus on diversification, Guyana is set to play a pivotal role in shaping the future of the offshore energy industry and setting a benchmark for sustainable, inclusive growth.
