APO Group/ —
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.
The government’s local-content drive is already reshaping that ecosystem. Nearly 1,300 companies are registered with the Local Content Secretariat and almost 7,000 Guyanese have been trained and certified to work directly in the oil and gas sector, Bharrat said.
“When we dropped that [Local Content Act], it was in no way meant to shut the door on foreign investment,” he said. “We have proven that the model can work, where we can have foreign investors partnering with our local private sector.”
We have proven that the model can work, where we can have foreign investors partnering with our local private sector
For Guyana’s Chief Investment Officer Peter R. Ramsaroop, the opportunity now extends beyond hydrocarbons. The country is entering a period of transformation in which energy availability and cost could unlock new investment across manufacturing and other industries.
“Energy is economics. It’s not a commodity, it’s a variable,” Ramsaroop said, pointing to the expected impact of lower electricity costs as Guyana’s Gas-to-Energy (GtE) project comes online.
The approximately 300-MW project is designed to process natural gas from the offshore Stabroek Block for power generation while recovering natural gas liquids. Lindsayca Guyana Country Manager and Board Member Luis Pirela said the project is targeting power generation before the end of 2026.
“With GtE, our goal is to bring energy to Guyana in the shortest time possible,” Pirela said, adding that Lindsayca is now sourcing close to 70% of its materials locally.
The project illustrates the wider shift underway in Guyana, where the rapid expansion of oil production is generating demand for infrastructure, services, manufacturing and local businesses while creating new opportunities for international investors. That transformation is also increasingly regional in scope – a central focus of Caribbean Energy Week 2027.
“Looking around this room, the strength of our collective leadership is clear,” said Sandra Jeque, Vice President at Energy Capital & Power, organizers of CEW. “We are here today to lay the groundwork for what will be a landmark event for the region – Caribbean Energy Week 2027 – at a critical moment for the Caribbean’s energy future.”
With Guyana emerging as one of the world’s fastest-growing oil producers, CEW 2027 will bring that momentum into a regional forum focused on investment, partnerships and the next chapter of the Caribbean’s energy economy.
Distributed by APO Group on behalf of Energy Capital & Power.
