- Just 4 years after first oil was struck in the South American nation of Guyana, which turned the sleepy former British colony into a hotbed of upstream activity, new discoveries are still piling up, seemingly on a monthly basis.
- Having been the power behind exploration in Guyana, ExxonMobil is now poised to deliver first commercial oil from the Liza Phase 1 development by 2020.
- Consider that the country's petroleum laws were written in the 1980s, at a time when the country was more intent to promoting foreign investment and potential oil, rather than eking out maximum state revenue from proven oil.
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