Subject category:
Strategy and General Management
Published by:
Nordic Case House, Copenhagen Business School
Length: 17 pages
Data source: Field research
Abstract
In May 2015, ExxonMobil announced the discovery of oil off the coast of the small South American country of Guyana. In the years following, more discoveries were made by ExxonMobil and other oil companies. It looked certain that Guyana would receive billions of dollars in oil earnings, possibly making it the largest oil producing country in the world on a per capita basis. The earnings and the growth of the oil industry would have dramatic impacts on Guyana, one of the poorest countries in South America. The standard of living in Guyana could improve but would the country become a victim of the oil curse? Guyana's cultural demon, the baccoo, was indeed out of the bottle.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Time period
The events covered by this case took place in 2015-2022.Geographical setting
Region:
Americas
Country:
Guyana
About
Abstract
In May 2015, ExxonMobil announced the discovery of oil off the coast of the small South American country of Guyana. In the years following, more discoveries were made by ExxonMobil and other oil companies. It looked certain that Guyana would receive billions of dollars in oil earnings, possibly making it the largest oil producing country in the world on a per capita basis. The earnings and the growth of the oil industry would have dramatic impacts on Guyana, one of the poorest countries in South America. The standard of living in Guyana could improve but would the country become a victim of the oil curse? Guyana's cultural demon, the baccoo, was indeed out of the bottle.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in 2015-2022.Geographical setting
Region:
Americas
Country:
Guyana