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With major oil discovery, Guyana poised to become a top producer

Guyana's seafloor could contain one of the richest oil and natural gas discoveries in decades

Oil, WTI, Brent Crude
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Offshore oil platforms are seen at the Bouri Oil Field off the coast of Libya.<b>Photo: Reuters</b>

Clifford Krauss Houston
Guyana, the tiny English-speaking South American country, is poised to become the next big oil producer in the Western Hemisphere, attracting the attention and investment dollars of some of the biggest oil companies in the world.
 
This week, Exxon Mobil and Hess announced the successful drilling of a deepwater exploration well that may soon confirm that the seafloor beneath Guyana’s coastal waters contains one of the richest oil and natural gas discoveries in decades. Experts now estimate that one of its offshore fields alone, known as Liza, could contain 1.4 billion barrels of oil mixed with natural gas, comparable