Guyana | Language, People, & Oil Discovery (2024)

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Also known as: British Guiana, Co-operative Republic of Guyana

Written by

Jack K. Menke President, Foundations for Scientific Information (SWI), Paramaribo, Suriname. Author of Restructuring Urban Employment and Poverty: The Case of Suriname; editor of Problems of Development of...

Jack K. Menke,

Bonham C. Richardson Professor of Geography, Virginia Polytechnic Institute and State University. Author of Caribbean Migrants and others.

Bonham C. RichardsonAll

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Last Updated: Article History

Guyana, country located in the northeastern corner of South America. Indigenous peoples inhabited Guyana prior to European settlement, and their name for the land, guiana (“land of water”), gave the country its name. Present-day Guyana reflects its British and Dutch colonial past and its reactions to that past. It is the only English-speaking country of South America. Since Guyana gained its independence in 1966, the country’s chief economic assets have been its natural resources, mainly its pristine rainforests, sugarcane plantations, rice fields, and bauxite and gold reserves. Despite those riches, Guyana remained one of the poorest countries in South America into the first decades of the 21st century, but the country’s economic fortunes changed dramatically in 2015 with the first of a raft of rich deepwater oil field discoveries in Guyana’s offshore Stabroek Block. Some geographers classify Guyana as a part of the Caribbean region, which they deem to include the West Indies as well as Guyana, Belize, Suriname, and French Guiana on the South American mainland. The capital and chief port of Guyana is Georgetown.

Guyana | Language, People, & Oil Discovery (3)

Country Facts

Capital, Population, Government...

Country Facts

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Head Of Government:
Prime Minister: Mark Phillips
Capital:
Georgetown
Population:
(2024 est.) 741,300
Head Of State:
President: Mohamed Irfaan Ali
Form Of Government:
unitary multiparty republic with one legislative house (National Assembly [651])

Guyana’s populace is mainly of colonial origin, although Indians are scattered throughout the forested interior. The more numerous coastal peoples are chiefly descendants of slaves from Africa and indentured workers from India, who were originally transported to work the coastal sugarcane plantations. Ethnic problems between the last two groups have played a disruptive role in Guyanese society.

Guyana has been a member of the Commonwealth (an international group made up of the United Kingdom and a number of its former dependencies) since 1970. Politically, however, Guyana moved on a steady course toward communism from the time of independence until the death of the first prime minister, Forbes Burnham, in 1985, after which ties with Western powers were strengthened, and by the 1990s privatization had begun.

Land

Guyana is bordered by the Atlantic Ocean to the north, by Suriname (along the Courantyne River) to the east, by Brazil to the south and southwest, and by Venezuela to the west. Guyana is involved in territorial disputes with both Suriname and Venezuela that are legacies of colonial rule. Although a United Nations international tribunal settled a long-standing maritime boundary dispute between Guyana and Suriname in 2007, the latter still claims the New River Triangle, a 6,000-square-mile (15,600-square-km) area between two tributaries of the Courantyne River in southern Guyana. The currently recognized border between Suriname and Guyana along the Courantyne is also in contention—Suriname claims sovereignty over the entire river and thus views its west bank as the border, while Guyana claims that the thalweg, or deepest channel of the river, is the boundary. The dispute between Guyana and Venezuela dates from 1895, when the British government claimed ownership of the Essequibo River basin. An 1899 settlement awarded Venezuela part of the area, but in 1962 Venezuela claimed all the territory west of the Essequibo.

Britannica QuizWhich Country Is Larger By Area? Quiz

Relief

The narrow plain that extends along the country’s Atlantic coast has been modified considerably by humans. Much of the area, which measures only about 10 miles (16 km) at its widest point, has been reclaimed from the sea by a series of canals and some 140 miles (225 km) of dikes. The coastal plain’s inland border is generally marked by canals that separate the plain from interior swamps.

About 40 miles (65 km) inland from the coast is a region of undulating land that rises from 50-foot (15-metre) hills on the eastern, coastal side of the region to 400-foot (120-metre) ones on the western side. The area is between 80 and 100 miles (130 and 160 km) wide and is widest in the southeast. It is covered with sand, from which it takes its name as the white-sands (Zanderij) region. A small savanna region in the east lies about 60 miles (100 km) from the coast and is surrounded by the white-sands belt. The sand partly overlies a low crystalline plateau that is generally less than 500 feet (150 metres) in elevation. The plateau forms most of the country’s centre and is penetrated by igneous rock intrusions that cause the numerous rapids of Guyana’s rivers.

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Beyond the crystalline plateau, the Kaieteurian Plateau lies generally below 1,600 feet (490 metres) above sea level; it is the site of the spectacular Kaieteur Falls, noted for their sheer 741-foot (226-metre) initial plunge. The plateau is overlain with sandstones and shales that in the south form the extensive Rupununi Savanna region. The Acaraí Mountains, which rise to about 2,000 feet (600 metres), rim the plateau on the southern border, and it is crowned on the western frontier by the Pakaraima Mountains, which rise to 9,094 feet (2,772 metres) at Mount Roraima. The Rupununi Savanna is bisected by the east–west-trending Kanuku Mountains.

Drainage

Guyana’s four main rivers—the Courantyne, Berbice, Demerara, and Essequibo—all flow from the south and empty into the Atlantic along the eastern section of the coast. Among the tributaries of the Essequibo, the Potaro, the Mazaruni, and the Cuyuni drain the northwest, and the Rupununi drains the southern savanna. The coast is cut by shorter rivers, including the Pomeroon, the Mahaica, the Mahaicony, and the Abary.

The rivers are part of the watershed of the Amazon and Orinoco rivers, and the headwaters of the Rupununi in Brazil are often confused with those of the Amazon. Drainage is poor because the average gradient is only about 1 foot per mile (19 centimetres per km), and there are swamps and flooding in the mountains and savannas. The rivers are not suitable for long-distance transportation because they are broken by interior falls, and in the coastal zone their mouths and estuaries are blocked by mud and by sandbars that may occur 2 to 3 miles (about 4 km) out to sea.

Soils

The coastal soils are fertile but acidic. The fine-particle grayish blue clays of the coastal plain are composed of alluvium from the Amazon (the mouth of which lies east of Guyana, on the Brazilian coast) deposited by the south equatorial ocean current and of much smaller amounts of alluvium from the country’s rivers. They overlie white sands and clays and can support intensive agriculture but must be subjected to fallowing to restore fertility. Pegasse soil, a type of tropical peat, occurs behind the coastal clays and along the river estuaries, while silts line the banks of the lower rivers. Reef sands occur in bands in the coastal plain, especially near the Courantyne and Essequibo rivers. The rock soils of the interior are leached and infertile, and the white sands are almost pure quartz.

Guyana | Language, People, & Oil Discovery (2024)

FAQs

Did Guyana discover oil? ›

Guyana's discovered oil and natural gas resources are currently located offshore within the Guyana-Suriname Basin of the Atlantic Ocean. The first significant oil discovery in offshore Guyana was made by ExxonMobil in 2015 at what is now the Liza project in the Stabroek block.

How much money is Guyana getting from oil? ›

Oil already generates US$1 billion in revenues annually for the government and will produce an estimated US$7.5 billion by 2040. By these forecasts, Guyana—the impoverished, rainforest-covered country of just 800,000 people—will become the fourth largest offshore oil producer in the world.

Who was the first people to discover Guyana? ›

Explorer Christopher Columbus sighted the Guyana coast in 1498, and Spain subsequently claimed, but largely avoided, the area between the Orinoco and Amazon deltas, a region long known as the Wild Coast. It was the Dutch who finally began European settlement, establishing trading posts upriver in about 1580.

Who does Guyana sell oil to? ›

Trade Balance

In 2022, Guyana exported $15.9B in Crude Petroleum. The main destinations of Guyana exports on Crude Petroleum were Panama ($5.84B), Netherlands ($2.81B), United States ($2.09B), Italy ($1.14B), and Germany ($1.04B).

Does US buy oil from Guyana? ›

Guyana-United States Trade: In 2022, Guyana exported $2.37B to United States. The main products that Guyana exported to United States were Crude Petroleum ($2.09B), Aluminium Ore ($71.7M), and Gold ($28.8M).

Why is Guyana so rich? ›

A massive oil discovery off Guyana's shores has taken its economy from one of the lowest performing in Latin America to the fastest growing in the world for two years straight.

Is Guyana a rich or poor country? ›

Economy of Guyana
Country groupDeveloping/Emerging High-income economy
Statistics
Population743,700 (Q1, 2024)
GDP$21.178 billion (nominal; 2024) $63.822 billion (PPP; 2024)
GDP rank124th (nominal, 2024) 115th (PPP, 2024)
31 more rows

Does Guyana have more oil than Saudi Arabia? ›

As a result, Guyana now has more oil reserves per capita than any other country in the world — almost three times as much as Saudi Arabia. This colossal find has led to difficult questions about whether the country can avoid the so-called resource curse – and the effects on climate change.

What is the largest untapped oil reserve in the world? ›

Details: Kashagan field is the largest single untapped oil field in the world and the fifth largest ever discovered. Development is underway. In fact, crude was supposed to have started flowing in 2005, but repeated delays have pushed the date to 2013.

Is Guyana richer than Jamaica? ›

Guyana's 2022 gross domestic product (GDP) of US$15 billion was just half of Trinidad & Tobago's and 12 per cent less than Jamaica's.

Where did black Guyanese come from? ›

“In 1838, after slavery, an estimated 80,000 to 100,000 Africans were living in Guyana. These Africans were brought mainly from West Africa. They came from multiple ethnicities such as the Ashanti from Ghana, the Yoruba from Southwest Nigeria, the Ibo from South-Western Nigeria, and the Mandingo from Senegal.”

Who started slavery in Guyana? ›

1580 - Dutch establish trading posts upriver. 1620 - Dutch West India Company establishes a foothold in Guyana, including armed bases, and imports slaves from Africa to work on the sugar plantations.

What is Guyana struggling with? ›

More than any single country, Guyana demonstrates the struggle between the consequences of climate change and the lure of the oil economy.

Who owns the oil block in Guyana? ›

All the FPSOs currently in operation offshore Guyana have been built by Dutch floater specialist, SBM Offshore. ExxonMobil has a 45% operating stake in the Stabroek Block, while Hess has a 30% stake and China's CNOOC has a 25% stake.

What is the future of Guyana? ›

Guyana became an oil producing nation in 2019 and, with a population of roughly 800,000, is poised to dramatically increase its per capita wealth. Guyana registered a GDP growth rate of 33 percent in 2023, making it one of the fastest growing economies in the world.

Who first discovered oil in the world? ›

When Was Oil Discovered? The first oil had actually been discovered by the Chinese in 600 B.C. and transported in pipelines made from bamboo. However, Colonel Drake's heralded discovery of oil in Pennsylvania in 1859 and the Spindletop discovery in Texas in 1901 set the stage for the new oil economy.

Does Guyana have more oil than Trinidad? ›

Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT). Data from TT's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day (b/d) in the first four months of 2024.

Which country just found oil? ›

Guyana was the country with the largest newly discovered oil and gas reserves between 2022 and 2023. In this time period, a cumulative 3.76 billion barrels of oil equivalent was discovered in the South American country. The result of these explorations could make the country a potential new producer of oil and gas.

Which countries had discovered oil on their land? ›

In I Ching, one of the earliest Chinese writings cites the use of oil in its raw state without refining was first discovered, extracted, and used in China in the first century BC. In addition, the Chinese were the first to use petroleum as fuel as early as the fourth century BC.

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