Even as Guyana, a still, substantively underdeveloped country, impatiently awaits the envisaged returns from what is now universally referred to as a ‘world class’ oil and gas sector, analysts are proffering their own separate prognoses of the extent to which the energy sector could shift the material foundations of a country that had, at one time, been characterised as a “Banana Republic.”
These days, the perspectives of the global analysts have shifted, their prognoses placing what is still, in many respects, an underdeveloped country, in what they now describe as a ‘world class’ category, in the period ahead.
The latest, arguably most stunning prospects proffered for the country’s oil and gas sector, have reportedly come from ExxonMobil Chief Executive Officer, Darren Woods, who is quoted in an April 26 Oil Now report as saying that Guyana is heading to become the most successful deepwater development in history.