Guyana’s economy is projected to grow by 86 percent this year, according to the IMF. The country is on the verge of becoming the largest oil-producing country globally on a per capita basis.
Exxon Mobil has projected to produce at least 700,000 barrels of oil per day by the year 2025. Recently, Hess announced the sale of its Denmark asset to further its investment in Guyana. With oil revenue flowing from the end of 2019, the country is set for a period of rapid development.
With the pending economic boom, consultants like Excel Guyana are helping investors capitalize on this opportunity.