Guyana Invites Indian Firms to 2026 Oil Block Auction
Guyana has invited Indian energy companies to participate in its offshore oil block auction scheduled for 2026, as the South American nation looks to broaden international participation in its fast growing oil sector. The move is aimed at attracting experienced players from India to invest in exploration and production activities amid Guyana’s expanding crude output.
Rapid growth in oil production
Guyana has emerged as one of the world’s fastest growing oil producers in recent years, following major offshore discoveries. Crude oil production has risen sharply and is expected to continue increasing over the next decade as new projects come online. Officials have said the upcoming auction will offer multiple offshore blocks, providing fresh opportunities for global energy companies to enter the sector.
Expanding energy ties with India
Guyana has been strengthening its energy relationship with India, including crude oil supplies to Indian refiners. The invitation to Indian firms reflects interest in deeper collaboration beyond oil imports, with opportunities for participation in upstream operations and long term investments. Indian public and private sector energy companies are expected to assess the commercial and strategic potential of the offered blocks.
Second major offshore auction
The 2026 auction will follow Guyana’s earlier offshore bidding round, which attracted strong international interest and resulted in the allocation of several exploration blocks. Authorities hope the next round will further diversify the investor base and support sustainable development of the country’s oil resources.
