There will be a continuing global demand for oil at least for the next 20 years and exploration in the Guyana-Suriname and other developing basins will be essential to meeting the supply gap this demand is likely to create.
“Oil and Gas will stay relevant through 2040. Despite what you hear about the demise of the Oil and Gas Industry we are going to play a very important role as the renewables take the growth around the world we still have to maintain what I would call the base energy demand otherwise we will have a significant supply gap,” Vice President of Hess Corporation, Tim Chisholm told a roundtable discussion on the Exploration, Production and Transition of the Basin.
