Guyana’s Oil Potential Could Be Even Greater Than Anticipated ...Middle East

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Guyana’s Oil Potential Could Be Even Greater Than Anticipated
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Offshore Guyana is garnering considerable attention from international oil companies as a slew of oil discoveries since 2015 underscore the significant oil potential of the former British colony’s territorial waters. Since 2015, global energy supermajor ExxonMobil has made a slew of high-quality petroleum discoveries in the Stabroek Block offshore Guyana which the company estimates contain over 11 billion barrels of recoverable oil resources. In a remarkable turn of events, for a country which had no commercial hydrocarbon sector, those discoveries…

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