In April, 2022, after the Guyana Government disclosed that Guyana’s proven oil reserves stood at over 11 billion barrels, I published an article entitled, “Guyana Boasts World’s Second Highest Oil Reserves Per Capita.” Since then, the Guyana Government announced numerous other oil discoveries, but did not update the country on the total volume of proven oil reserves in billions of barrels, a reality which reportedly worries international anti-corruption organizations. In July 2024, a US analytical company, S&P Global Inc., announced that Guyana’s proven oil reserves now stands at 18.7 billion barrels.
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