Today, EEPGL is the first producer in Guyana and operates the Stabroek, Canje and Kaieteur Blocks offshore. With various companies conducting geological seismic surveys and drilling over 40 wells in the basin over past decades, it was not until EEPGL announced a commercial discovery in May 2015 that the road to first oil became a reality. While efforts to locate hydrocarbons onshore Guyana were undertaken as early as 1916, it wasn’t until the late 1950’S that attempts were made to explore offshore. From as early as the 1700s it has been suggested that Dutch settlers in Guyana held the notion that there was oil in the Guiana Basin.
