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February 23, 2026
February 23, 2026
Guyana has established a comprehensive body of legislation to manage its expanding oil and gas sector, including laws on oil revenue, local content, petroleum activities, and draft templates for production-sharing agreements, Minister of Legal Affairs and Attorney General Anil Nandlall said on Thursday.
Speaking at the Guyana Energy Conference and Supply Chain Expo, Nandlall said the country’s carefully crafted legal framework positions it to capture maximum benefits from the burgeoning industry while supporting broader economic growth.
“The President has emphasised leveraging the oil and gas sector to augment traditional productive sectors and nurture new and emerging industries,” Nandlall told an audience of international oil executives, commerce directors, and stakeholders.
He said Guyana’s laws not only regulate investments and operations in the petroleum sector—from exploration licensing to well decommissioning—but also facilitate expansion into other industries, contributing to a commercial boom.
Nandlall highlighted that the legislation is tailored to Guyana’s unique circumstances while adhering to international standards and CARICOM obligations. “Each of these enactments is capable of withstanding rigorous technical scrutiny globally, as they have been crafted with precision, coherence and legal integrity,” he said.
The Attorney General noted that the government is reviewing the Companies Act to address the rapidly expanding commerce sector and is developing new legislation to support digital services, trust law, modern stock market regulation, and port infrastructure.
“This legislative foundation ensures that Guyana is well-equipped to manage its oil resources responsibly while creating opportunities across multiple sectors,” Nandlall said.
