Guyana Gushes More Oil

Guyana’s Government has announced the country’s latest oil discovery within the Stabroek Block offshore Guyana.

Natural Resources Minister Vickram Bharrat said the 19th offshore oil discovery will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be more than nine billion oil-equivalent barrels.

Mr. Bharrat said the new development in Guyana increases the potential to as many as 10 floating production storage and offloading vessels with an increase of the estimated recoverable resource given by operator, Esso Exploration and Production Guyana Limited.

Readers Bureau, Contributor

Edited by Jesus Chan

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