OEF Rapid Review
Offshore Guyana-Suriname might have one of the largest untapped oil and gas reserves in South America, as roughly a dozen companies hope to repeat Exxon Mobil Corp.’s recent drilling success there. According to recently released data from Wood Mackenzie the production peak in the offshore Guyana-Suriname region could be up to 350,000 barrels per day by 2025. ExxonMobil might tap 1.5 billion commercial reserve barrels at its Liza and Payara fields alone. Other companies have begun to explore the region, including Anadarko, Apache, Chevron, CNOOC, CGX, Kosmos, Noble Energy, Petronas, Repsol, Statoil, Total, and Tullow.
LINK TO THE SOURCE ARTICLE:
Rush to get into the Guyana-Suriname Basin
