Guyana is opening new opportunities for Indian companies in its rapidly expanding energy sector, inviting them to participate in the exploration and production of crude oil as several offshore blocks are slated for auction in 2026.

Speaking to ANI, Guyana High Commissioner to India H.E. Dharamkumar Seeraj highlighted the growing energy ties between the two nations, noting that Guyana supplied nearly six million barrels of crude oil to India in 2025.

“Guyana wants to diversify its economy. I foresee that our relationship with India will expand in the area of trade of oil and gas already this year; a total of 6 million barrels of crude oil were sent to India. And I see a significant increase in the coming years,” he said.

Guyana’s oil sector has seen a remarkable boom following massive offshore discoveries in the Stabroek Block. Production surpassed 800,000 barrels per day (bpd) in late 2025, with a target of reaching 1.7 million bpd by 2030.

Seeraj emphasized that Indian firms could play a role beyond crude oil imports. “India has shown that interest, and India, of course, needs a lot of oil as a country to send more and more oil to India itself.

And as we get more and more companies involved in drilling, we expect that private sector companies, which are single companies in India, will express an interest, not only in purchasing crude, but also in the extraction of oil.”

A second offshore oil block auction is planned for 2026, following Guyana’s first auction in 2022, which resulted in six companies being awarded eight blocks in 2023.

“It is our hope, speaking from Guyana’s perspective, that we will attract a wide cross section of investors in the oil and gas sector coming from different countries, and quite frankly, we’ll be very happy if Indian companies show up,” Seeraj added.

Beyond hydrocarbons, Guyana is seeking broader cooperation with India in infrastructure, education, renewable energy, and digital technology. Indian companies are already active in road construction, transportation infrastructure, and renewable energy projects.

“They have built our cricket stadium, they are constructing roads, and Indian firms are dominating the renewable energy space, including solar power stations operating across different regions,” Seeraj said.

Guyana plans to produce 100 megawatts of renewable energy over the next five years. An Indian firm has already signed a contract to establish a solar power plant, while the country is pursuing a 300-megawatt gas-to-energy project aimed at lowering its currently high electricity costs. Expressions of interest have also been floated for a hydroelectric power project.

Seeraj encouraged Indian firms to participate through various partnership models depending on the project. Discussions are also underway to explore cooperation in education, including the possibility of offshore campuses in Guyana.