Introduction
Today’s column serves three main objectives. First, to address Guyana’s creaming curve, which dramatizes its remarkable exploration successes in locating Guyana’s hydrocarbons resources, found largely offshore to date. This achievement is emblematic of the fourth, and final, reasoning that informs my admittedly “strongly bullish outlook” for Guyana as an emerging Petrostate
Second, I reveal the reasons for my intended upwards revision of my much earlier informed guestimate of Guyana’s volume of conventional recoverable barrels of oil equivalent, boe. This was set at 13-15 billion boe. It is worth recalling that this estimate was greeted with derision by sections of the social and print media as gross over-estimation. Indeed, some are in print during those early days, setting the limit at 600 million boe to one billion boe by 2030!