Related Articles
Forward article link
Share PDF with colleagues

Guyana oil find raises big hopes

Guyana wasn't expected to be the next country to find oil, with high hopes resting on Suriname

Suriname, the Caribbean Community and Common Market (Caricom’s) Dutch-speaking member on the mainland of northern South America, was widely expected to be the next state in the Guianas trio – itself, Guyana and French Guiana – to discover oil offshore. After all, state energy firm Staatsolie already produces about 17,000 b/d from three onshore fields. Moving offshore was presumed to be only a matter of time. Much to its own surprise and that of the rest of the 15-member Caricom group, it was pipped at the post by Guyana, where energy giant, ExxonMobil, made a significant find with the Liza 1 exploration well in its Stabroek block in May, estimated at around 700m barrels of oil equivalent (

Also in this section
Pioneer's startling Permian output-growth plans
29 March 2017
Pioneer Natural Resources' growth plans will transform the company and points to a long bull run for Texas's prolific shale play
Latest licensing rounds
29 March 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Kuwait still drilling
1 March 2017
Kuwait is plugging away in its upstream and will seek more IOC help to do so