Seventeen of the 30 major projects followed in the Invest Guyana Project & Investment Tracker are under construction. Three more are contracted and preparing to build, and the Uaru oil development is in testing and start-up. The Tracker’s official records run to 22 September 2026; developments since then are noted below.
Why it matters
- The project pipeline sets demand for construction materials, transport, equipment and services for years ahead.
- Start-up dates for the next oil developments now run from late 2026 to 2030, which shapes oil-services work and government revenue.
- Delays and unpublished prices are information in their own right. They show where timelines and costs are least certain.
| Stage | Projects |
|---|---|
| Construction underway | 17 |
| Contracted, preparing to build | 3 |
| Financing or planning | 3 |
| Tendering or contract talks | 2 |
| Delayed or being restructured | 2 |
| Testing or start-up | 1 |
| Approvals or permits | 1 |
| Research or design | 1 |
Oil carries the value
The Tracker follows three approved Stabroek Block developments that are not yet producing. Together they account for US$32.2 billion in reported value.
- Uaru (US$12.7 billion). MODEC’s Errea Wittu floating production vessel arrived in Guyana on 24 August and is being commissioned. ExxonMobil is targeting start-up before the end of 2026, and a December loading programme for Uaru crude was reported in mid-October. First oil had not been announced by 28 October.
- Whiptail (US$12.7 billion). In its half-year results in August, SBM Offshore put the Jaguar vessel at between 50% and 75% complete, with all process modules lifted on board. Start-up is planned for 2027.
- Hammerhead (US$6.8 billion). MODEC is building the production vessel. Production is expected in 2029, and in March ExxonMobil said it aimed to bring the project on line in 2028, a year early.
Longtail, which would be the block’s first gas-focused development, is still under government review. Its development plan and production-licence application were submitted in March, with 2030 proposed for start-up. Meanwhile, the Stabroek Block passed one billion barrels of cumulative production in September, from four vessels with combined installed capacity of more than 900,000 barrels a day.
Power: Wales is the one to watch
The Wales gas-to-energy project, reported at US$1.1 billion, is under construction. In mid-September the government reported about 10,000 piles installed, with soil-modification and concrete works continuing. An earlier 99% completion figure applies only to the electricity-transmission network. In May, the Prime Minister’s office said the government and the contractor, Lindsayca, had settled disputes over soil stabilisation and delays, with a 12.8% adjustment to the original US$759 million contract.
The first 57-megawatt turbine is targeted for December, with the remaining gas turbines about three months later and combined-cycle operation by June 2027. On 21 September, President Irfaan Ali and the head of the US Export-Import Bank discussed support for a second gas-to-energy phase and a Berbice deepwater port. No new financing was announced.
Transport is the largest group
Transport is the largest group, with 11 projects. Six roads have published values:
- Palmyra–Moleson Creek Highway: US$604 million
- East Coast Demerara Road Expansion: US$192 million
- Linden–Mabura Hill Road: US$190.3 million
- Soesdyke–Linden Highway Reconstruction: US$161 million
- Good Success–Timehri Road Upgrade: US$75.8 million
- Mabura–Kurupukari Road: G$7.6 billion
The East Coast Demerara expansion’s completion deadline was extended to 31 October. The Linden–Mabura Hill Road was 86% complete in April, with 100 of its 121 kilometres paved, and no update has confirmed whether it met its August completion target.
At Parika, where the Tracker follows the phased port redevelopment, the new ferry stelling was about 15% complete in October. The 2026 Budget places its completion in 2028.
Where the delays are
Hospitals. On 23 July, the government terminated VAMED Engineering’s contracts for the Guyana Paediatric and Maternal Hospital at Ogle and the New Amsterdam Hospital Campus, citing persistent delays and contractual breaches. The sites and materials were secured and arbitration has begun. The government says neither project has been abandoned, but no replacement contractor or new timeline has been published. The West Demerara Regional Hospital (G$11.4 billion) is under construction, with completion expected by the end of 2027, and the New Bartica Hospital is contracted.
The seafront resort. Foundation works on the Hilton-branded Georgetown Seafront Resort and Convention Centre, a G$63 billion project with 256 rooms and a convention centre for more than 2,000 people, were announced in February. In March, HGPTV reported that progress had stalled over a dispute about who owns the land and regulatory steps that the Mayor of Georgetown said were incomplete. No official update has followed.
River crossings. The New Berbice River Bridge, the Corentyne River Bridge and the Kurupukari River Bridge remain at tendering or financing stage. In May, the government said the Berbice bridge’s price and financing were in their final phase, with construction expected to begin before the end of 2026. For the Corentyne bridge, a 2024 preferred bid of US$236 million was reported, but financing is unresolved and no official price has been published.
What the gaps tell investors
Eight of the 30 projects have no published value in the official sources reviewed. Twelve entries are waiting for a newer official update, and for eight of them the last update came in June or July. Values are also reported in five currencies (US dollars, Guyana dollars, euros, renminbi and yen), which makes like-for-like comparison hard.
Where the opportunities are
- Construction supply. With 17 projects building, demand for aggregates, cement, steel, haulage, equipment rental and skilled labour runs along the East Coast, the Berbice–Corentyne corridor and the Linden–Mabura road.
- Oil services. The sequence runs from Uaru’s start-up to Whiptail in 2027 and Hammerhead in 2028 or 2029.
- Health and water. Equipment, fit-out and maintenance work is likely to follow once the two hospitals are restructured. The Diamond water project is still at the financing stage.
- Agro-processing. The Yarrowkabra regional food hub and the Kimbia bean facility point to storage, logistics and buyer opportunities.
Suppliers who want a share of this work should register on the NPTA Register of Bidders, keep GRA and NIS compliance current, apply for local content certification where it applies, and follow our weekly Procurement Watch.
What we don’t know yet
- When Uaru’s first oil will be announced, and how quickly it reaches full output.
- Who will complete the two hospitals, at what cost, and when.
- Whether Wales delivers first power in December, as now targeted.
- Prices for eight projects, including three river crossings.
What to watch next
- First oil at Uaru
- Power from the first Wales turbine, targeted for December
- Whether the East Coast Demerara road expansion meets its 31 October deadline
- Restructuring announcements for the two hospitals
- Financing for the Corentyne River Bridge
- A decision on the Longtail development plan
The full Tracker, with official sources for every entry, is at investguyana.com/projects. We update entries when new official information is published.
