Guyana: Top country for discovered oil in 2018 – will avoid “oil curse” Part One
Hacer click en la imagen para ampliar
Discovered resources globally of conventional oil and natural gas surpassed 4.5 billion barrels of oil equivalent in
the first half of 2018, and Guyana was the top country in terms of total discovered resources.
In this South
American
country bordering on Venezuela, US major ExxonMobil made three major discoveries in the Stabroek block:
Ranger, Pacora and Longtail, which together can hold almost one billion barrels of oil or more.
(1)
It was as far back as 1916 when the first significant effort to locate petroleum was undertaken in Guyana.
Later, in
1966/67 Shell drilled six wells on the Atlantic coast.
The offshore quest began in 1958 and Guyana Offshore #1
and
#2 were drilled in 1967.
This Guyana-Suriname Basin remains one of the last unexplored areas in the world with significant petroleum
potential, the United States Geological Survey estimating that 13.6 billion barrels of oil and 32 trillion cubic feet of
natural gas could lie there.
(2)
With the Liza 1 discovery in 2015 in the Stabroek Block by ExxonMobil and its partners – Hess and the CNOOC-
subsidiary Nexen Petroleum, Guyana would be able to take its place as one of the world’s oil producing nations.
CGX Energy and Repsol had been active there for more than a decade, as well as Eco Atlantic and its partner
Tullow Oil.
(3)
However, this is occurring within the context of the border dispute that Venezuela has had with Guyana for over a
hundred years.
IMG
Redes relacionadas
:
