How To Play Suriname’s Oil Boom ...Middle East

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How To Play Suriname’s Oil Boom
source : OILPRICE ( Middle East ) () 32
The South American country of Guyana is undergoing rapid development as a result of a string of offshore oil discoveries by ExxonMobil, NYSE:XOM). Announcements by the company since 2017 have added more than 8 bn barrels of reserves, spread over 18 discoveries in the deep waters of that country. Thus far one FPSO has been ordered to serve the Liza Phase-1 subsea development with four separate drill centers and up to 30 wells. At peak production, Liza Phase-1 will pump out 220K BOEPD. XOM Liza Phase-2 is on schedule to produce another 220K BOEPD,…

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