Dr. Peter Ramsaroop, Chief Executive Officer of the Guyana Office for Investment (Go-Invest), said oil and gas revenues being generated through activities at the Stabroek Block are creating the fiscal space for Guyana to build artificial intelligence (AI) infrastructure and expand beyond energy production.
Speaking exclusively with OilNOW this week, Dr. Ramsaroop disclosed that the country is preparing for a new phase of economic transformation.
“The next frontier for Guyana is the AI data center economy. We are positioning Guyana to build AI-powered data centers supported by our expanding, reliable, and increasingly lower-cost energy supply,” he said.
Guyana gas resources set to power new state-of-the-art AI data centre | OilNOW
He pointed to the country’s geographic location and energy outlook as key advantages. “With our geographic advantage outside the hurricane belt and limited exposure to major natural disasters, Guyana offers stability, energy security, and scalability.”
He said the shift is being financed by petroleum earnings. “Oil and gas created the fiscal space; now we are using that strength to power artificial intelligence infrastructure and transform Guyana from a resource producer into a digital production center for the Caribbean and northern South America.”
Oil and gas revenue have continued to fuel economic growth in Guyana. In fact, the Guyana government will withdraw GY$495 billion (US$2.37 billion) in oil revenue to support its GY$1.558 trillion (US$7.47 billion) budget for 2026.
The funds, drawn from the country’s Natural Resource Fund (NRF), represent the largest allocation from the oil sector since production began in December 2019.
Dr. Ramsaroop explained that while oil continues to drive economic expansion, the long-term strategy centers on diversification.
“Guyana’s energy boom is historic. Its diversification strategy is deliberate. Its digital future is being built now,” he said.
Guyana currently produces 900,000 barrels per day, following the ramp-up of the Yellowtail project.
Yellowtail, Guyana’s fourth offshore development, has achieved its initial production rate of 250,000 barrels per day (b/d). This, combined with strong operational performance from Liza Phase 1, Liza Phase 2, and Payara, has propelled national output to this record level.
ExxonMobil holds a 45% interest in Guyana’s Stabroek Block. Hess holds 30%, while CNOOC holds 25%.
