First oil prospection licence was issued to Trinidad Leaseholds Company Ltd

Licences were granted to Conoco – offshore – and Shell – offshore and onshore

Amendments made to the Petroleum Licensing Regulations

Discovery of flotsam pitch by Dutch explorers

Government of Guyana began to promoting and attract investors for exploration in Guyana’s emerging petroleum industry.

Oil exploration came to a halt due to the lack of funding for drilling programs

First Production Sharing Agreement signed for Stabroek Block

Stabroek block went into Force Majeure

CGX attempted to spud a well on its Eagle Prospect. Operations ceased due to border dispute

United States Geological Survey (USGS) estimated that the Guyana Basin has potentially recoverable reserves

CGX drilled three onshore wells on its Berbice Block

Border dispute between Guyana and Suriname settled by the UN-ITLOS

Venezuelan navy interrupted and seized a research vessel conducting work on behalf of Anadarko

Anadarko Petroleum Corporation indicated its interest in drilling for oil offshore Guyana following a significant oil find by ExxonMobil

First oil production

First oil export