Guyana discovers massive oil and with it, uncovers huge challenges

Americas Now

Guyana is the third poorest country in Latin America and the Caribbean, but it could soon become one of the top oil producers in the region.

That’s because of a huge, recent discovery of oil in the waters off its coast, which U.S. oil giant Exxon Mobil  – lead explorers in the search – are calling a “significant” find.

The small former British colony with a population of less than one million has no previous oil industry. So correspondent Stephen Gibbs traveled there to investigate how striking oil may change Guyana for better or for worse.

Follow Stephen Gibbs on Twitter @STHGibbs

Guyana discovers massive oil and with it, uncovers huge challenges

Guyana's recent oil strike can mean big business or big problems for the coastal nation.