Relative Status of Guyana-Suriname and US Gulf of Mexico Offshore Oil and Gas Growth Prospects
Article from: OGEL 5 (2022), in Roundup of Articles
Rapid development of the deep-water Guyana-Suriname basin, commencing with an initial discovery in 2015, has been fascinating to watch. Since that first discovery, following a string of 45 dry holes, there has now been a string of now 32 discoveries, with 7 discoveries in the first seven months of 2022. Cumulative crude oil reserves, virtually all light and sweet, is now at 11+ billion barrels. The first 2 production vessels, Lisa Phases I and II, out of a planned 10 FPSOs, have been designed, built, and installed. A third, Payara, is in construction and ahead of schedule. It is expected ...