Wood Mackenzie

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Report Title: Guyana: On the brink of exploration success? - " The resolution of the long-running maritime border dispute between Guyana and Suriname has proven to be the catalyst for a resumption in exploration activity in the offshore Guyana Basin. In Guyana itself, all the companies with offshore positions have embarked on seismic acquisition campaigns with drilling soon to follow. Elsewhere, exploration efforts in the inland Takutu Basin are also set to resume with drilling planned for 2009.  The country has long been considered as holding good hydrocarbon potential, but the associated risks are high. No commercial discoveries have been made to date in Guyana, but the country’s oil and gas fortunes might be about to change. "

Published: November 2008

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