Guyana President David Granger declared December 20 as “National Petroleum Day” and said that the revenues from oil would be “transformative” for the Guyanese economy. No one will be left behind.”Recent months have seen a flurry of activity as the government takes steps to prepare for the first oil production. But first oil was not all that December had in store for Guyana. Amid the excitement surrounding the first oil milestone, the discovery at Mako-1 emphasizes the long-term nature of production in Guyana. Liza Phase 2 is already well underway, and the third phase, Payara, is expected for early 2020.

Source: Forbes December 26, 2019 15:33 UTC