Ghanaian businesses are being urged to turn their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers, following a major breakthrough by Ghanaian-owned Cybele Energy.
Cybele is set to sign the Production Sharing Agreement for the shallow-water Block S7 on Tuesday, December 9, 2025—an acquisition that places the company at the centre of an oil economy experiencing explosive growth.
Guyana currently produces 900,000 barrels of oil per day from four FPSOs, with output projected to reach 1.3 million barrels by 2027 and 1.7 million barrels by 2030. For a country with just over one million people, the scale and speed of expansion are unprecedented.
Cybele’s entry gives Ghana, through a private sector player, a foothold in this booming market, unlocking opportunities for Ghanaian companies across the oil and gas value chain—from logistics, vessel supply, and warehousing to crew management, engineering, pipe maintenance, and decommissioning.
President of the Ghana Chamber of Commerce in Guyana, Stanley Amartiefio Jnr, told Accra based Citi Business News that the move provides a strategic springboard for Ghanaian businesses seeking global expansion. He said the Chamber is ready to support firms entering not only the petroleum sector but also fast-growing industries such as construction, medical services, and sanitation.
“Once exploration begins and the vessels arrive, the opportunities are endless,” he noted. “Guyana’s oil boom is creating demand across every part of the value chain, and Ghanaian companies already have the expertise to deliver. This is the moment for them to step in.”
The deal is equally significant for Guyana. Cybele’s signing is expected to deliver at least US$10 million in upfront bonuses and includes firm local-content conditions, such as US$1 million annually for training Guyanese nationals over five years.
Cybele will execute the block jointly with global engineering leaders Well Expertise AS and Elemental Energies—now merged into one of the world’s top well-engineering groups with operations across four continents and partnerships with brands including Equinor, ExxonMobil, TotalEnergies, ENI, and Shell.
Cybele CEO Beatrice Mensah Tayui described the award as a milestone for Guyana’s upstream sector and a historic moment for women-led energy enterprises globally. She noted that Guyana had made “a historic and bold statement” by granting the block to a woman-owned African firm.
As Guyana cements its position as the world’s newest oil superpower, its rapid economic acceleration is reshaping the regional investment landscape. For Ghanaian companies, a major door has opened—and the time to step through is now.
