The Road To First Oil

Oil and gas – The New Economic Horizon – Part 3

“There are not many places left on earth where you can put together an acreage portfolio like this …. Good contract terms, good support from the Government – there are not many happy hunting grounds left.” This quotation comes from Africa Oil CEO Keith Hill in referring to the situation of Kenya, not too long ago considered a frontier country with no prior history of petroleum resources and therefore having to offer generous terms to attract high-risk exploration.

Oil and gas – The New Economic Horizon – Part 2

Who has oil has Empire. This statement is attributed to Henry Bérenger, Advisor of French Prime Minister Georges Clemenceau quoted in the editorial in the Daily Argosy of Tuesday 16 July, 1929 on the occasion of a meeting to be held that day at the Town Hall to “discuss the steps, if any, to be taken in the matter of the development of the potential Oil Industry in British Guiana in the placing of an embargo by the British Government on the nature of Capital which should be employed in its exploitation.” The second in this series of columns on Oil and gas turns its attention to the legislative and regulatory framework for the exploration and production of oil and gas in Guyana.

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