Oil majors are scrambling to get in on both the basin’s massive potential.
The Guyana-Suriname Basin is one of the most exciting oil frontiers on the planet.Guyana has already seen a tremendous economic windfall, and neighboring Suriname is looking to cash in as well.After a series of dry wells were drilled in the Guyana-Suriname Basin from the 1960s through to the 1980s, offshore Guyana and Suriname were ignored by global energy companies. Interest was reignited by ExxonMobil’s discovery of the Liza oilfield in the 6.
In December 2020, Malaysia’s state-controlled oil company Petronas, which is the operator, announced that it and 50% partner Exxon hadat the Sloanea-1 exploration well drilled in Block 52 offshore Suriname. Malaysia’s national oil company continues to evaluate the potential of the discovery and whether it is commercially viable to exploit. Petronas holds a 100% interest in Block 48, where it is also the operator and a 30% stake in Block 53 offshore Suriname.
The appeal of offshore Suriname is amplified by the fact that the oil discovered to date has been light to medium with low sulfur content. That means it is cheaper and easier to refine into high-quality fuels, and there is a low carbon cost associated with its extraction compared to the heavier sourer oil grades produced in Venezuela, Colombia and Ecuador.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Exxon Mobil Makes First Oil Discovery In Angola In 20 Years | OilPrice.comExxon has now announced that it has, together with its partners, discovered hydrocarbons in Block 15 off Angola in the Bavuca South prospect.
Weiterlesen »
The Growing Anti-OPEC Movement Is Disasterous For Oil Markets | OilPrice.comThe idea of an oil buyers club to counter the influence of OPEC has been floated several times, but the consequences of forming such a club would be significant
Weiterlesen »
Oil and gas group Energean calls for east Mediterranean investment boom\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »
Fashion has a waste problem – and Cop27 has finally acknowledged itCop27 has finally started tackling the messy business of decreasing the fashion industry’s impact.
Weiterlesen »
Just Stop Oil activists cover Barclays Aberdeen HQ in orange paintThree people have been arrested in connection with the incident on Union Street.
Weiterlesen »
Oil and gas group Energean calls for east Mediterranean investment boom\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »