Dear Editor,
With the PPP/C winning the elections and securing a clear parliamentary majority, there’s been a lot of talk about what this means for Guyana’s oil and gas sector. One thing is certain: a majority government gives the PPP/C the ability to move forward with projects and contracts without needing opposition input. This level of political stability can be a double-edged sword as it provides much needed consistency for investors; however, beyond that, it also places a great deal of responsibility on the government to act transparently and in the nation’s best interest.
For the awarding of petroleum licences and contracts, that’s an executive function, not a parliamentary one without the need for opposition votes; therefore, the PPP/C has no excuses. They now have a clear mandate to show Guyanese people that our oil wealth will be managed wisely and transparently. This isn’t the time for backroom deals or business as usual; it’s a time to tighten reporting, enforce local content rules and prove that this sector can truly transform our country for everyone, not just a few.
With this approach, the industry would likely see policy continuity without major deviations. We can expect steady progress on upstream projects, midstream priorities and infrastructure, while also seeing tighter measures of local content enforcement. These moves reflect campaign promises and growing public demand for accountability in how our oil wealth is managed. Guyanese suppliers, entrepreneurs and workers should prepare for more opportunities as the government continues to push for local involvement.
It’s also worth noting that major renegotiations of existing Production Sharing Agreements are highly unlikely. These contracts are binding and Guyana’s reputation as a fair partner depends on honoring them. Instead, future licensing rounds could come with refined fiscal terms, as the country grows in confidence and negotiating strength. Companies should also expect closer scrutiny on cost recovery, which is another step toward ensuring the nation gets maximum value from its resources.
In short, the PPP/C win brings stability, but it also raises expectations. I believe this win gives the government the chance to show leadership. If they get this right, oil won’t just be numbers on a balance sheet; it would mean opportunities for ordinary Guyanese. But with great power comes great responsibility and one thing’s for sure, the world is watching how we handle it.
Sincerely,
Marjorie Benjamin
