Ghanaian businesses should consider turning their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers.

This comes after Ghanaian-owned Cybele Energy secured a major offshore oil block that could unlock a new wave of international investment opportunities for local firms.

Cybele Energy is expected to sign the Production Sharing Agreement for the shallow-water Block S7 on Tuesday December 9, 2025 positioning the company at the centre of an oil economy that has transformed almost overnight.

Guyana currently produces 900,000 barrels of oil per day from four FPSOs, a figure projected to reach 1.3 million barrels per day by 2027 and 1.7 million barrels by 2030.

For a country with a population just crossing one million people, the scale of production and the pace of economic expansion is unprecedented.

The acquisition gives Ghana, through Cybele, a foothold in this market, creating openings for Ghanaian companies across the oil and gas value chain.

From logistics, vessel supply, catering, warehousing, and crew management to engineering, pipe maintenance, and decommissioning, the opportunities are vast.

President of the Ghana Chamber of Commerce in Guyana, Stanley Amartiefio Jnr, tells Citi Business News that Cybele’s entry provides a strategic springboard for Ghanaian firms eager to expand globally.

According to him, the Chamber is ready to support businesses seeking entry into Guyana not just in oil and gas, but also in construction, medical services, sanitation, and other fast-growing sectors.

“Once exploration begins and the vessels arrive, the opportunities are endless,” he said.

“Guyana’s oil boom is creating demand across every corner of the value chain, and Ghanaian companies already have the expertise to deliver. This is the moment for them to step in.”

Cybele’s move is also significant for Guyana.

The signing is expected to deliver at least US$10 million in upfront bonuses and comes with stringent local-content obligations, including US$1 million annually for training Guyanese nationals over five years.

Cybele will execute the block in collaboration with global engineering giants Well Expertise AS and Elemental Energies now merged into one of the world’s leading well-engineering groups with operations across four continents, and partnerships with brands such as Equinor, ExxonMobil, TotalEnergies, ENI, and Shell.

Cybele CEO Beatrice Mensah Tayui describes the deal as a milestone not only for Guyana’s upstream sector but also for women-led energy enterprises globally, noting that the country’s leadership has made “a historic and bold statement” by awarding the block to a woman-owned African firm.

While Guyana cements its position as the world’s newest oil superpower, its rapid economic acceleration is creating an investment climate unmatched in the region.

But for Ghanaian companies, the door has opened wide and the time to step through is now.