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Guyana Energy Profile: Experiencing Economic Boom And Growth In Petroleum Production – Analysis

Guyana Energy Profile: Experiencing Economic Boom And Growth In Petroleum Production – Analysis
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Letter: ExxonMobil Headquarters justified

Drilling deeper Guyana Stabroek Block geology a key objective for Hess in 2021

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Uaru-2, the most recent Guyana well completed by the consortium led by ExxonMobil and including China s CNOOC, identified new reservoirs in the deeper Santonian interval below the original Uaru-1 find, made in January 2020. Uaru-2 was announced as a discovery April 27, technically the partnership s 19th in Guyana although they did not specifically call it the 19th since Hess President and Chief Operating Officer Greg Hill said it was not as significant as the other 18. The Uaru-2 well successfully appraised [Uaru-1] and also made an incremental discovery in deeper intervals, Hill said during a company earnings conference call.

Guyana: The World s Next Petrostate

NEW BRUNSWICK, New Jersey The South American mineral-rich nation of Guyana has a sizeable land area of approximately 214,969 km 2, with a population of less than 800,000. The country is home to part of the Amazon forest, as well as an abundance of natural resources such as gold, diamond, aluminum ore, bauxite, sugar and rice. Guyana also boasts a range of climates, with different parts of the country experiencing tropical, hot, humid and moderate conditions, making for a broad scope of potential resource and agricultural cultivation opportunities. With Guyana being predicted to be the world’s next petrostate, we will examine the nation’s economic situation, the discovery of crude oil and leading initiatives and challenges faced in discovering new oil reserves.

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