Recent discoveries in offshore Guyana and Suriname have brought the spotlight firmly back on South America’s hydrocarbon sector, with analysts calling the Guyana Suriname Basin as the world’s most exciting frontier oil play. Exxon’s more than 35 oil discoveries in offshore Guyana have delivered a tremendous economic dividend for the impoverished country, which emerged as the world’s fastest-growing economy. Despite these events, Guyana, in comparison to South America’s leading economies and oil-producing countries,…
