Tag Archives: Guyana: OIL:10 billion US dollars a year and growing – By Steven Jasmin – OilNOW

Guyana: OIL:10 billion US dollars a year and growing – By Steven Jasmin – OilNOW

02/17/2020 – 12:04 pm

By OilNOW – February 16, 2020 –  By Steven Jasmin – OilNOW

Steven Jasmin

A few weeks ago, I posted a breakdown of the estimated $500 Billion USD worth of oil that has been discovered and will be extracted. The post was well received and re-shared quite a bit. In the post I outlined my napkin estimate that Guyana was expected to see at least $200 billion over the next 20 years in revenue from the country’s take of the Oil and Gas find – approximately 40% of the total value of the recoverable assets.

Recently, a report came out by Rystad Energy that flipped my analysis on its head. Rystad believes that given what has been found, by 2035 the country of Guyana will not be receiving 40% of the total revenue as I predicted, but rather 10 billion dollars a year which is closer to 60% of the total revenue from the field.          Continue reading →

By guyaneseonline | Posted in Business, Commentary, Economics/Finance, Education, legal, Oil Exploration, Personalities, Politics | Also tagged | Comments (5)
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