The energy news site oilprice.com is projecting that Guyana will be pumping more than one million barrels of oil daily by 2027 and that the returns therefrom will deliver “a tremendous economic windfall for one of South America’s most impoverished nations.” The report also predicts that neighbouring Suriname, with which Guyana shares the oil-rich Guyana/Suriname basin, promises to prosper similarly.
Lying contiguous to each other in the basin are the 1.8 million-acre offshore Suriname Block 58 which is being operated in a partnership between the French super major TotalEnergies SE and the US Apache Corporation, and the already prolific ExxonMobil-operated Stabroek Block, the two of which have become the centrepiece of international discourse on oil & gas prospects for South America, going forward.
