Tambaredjo
(170 mmbbls recoverable) and Calcutta (15 mmbbls), onshore Suriname,
are the only discoveries to date in the Guyana/Suriname Basin
Rampant
exploration in Trinidad supports the burgeoning petrochemical industry
US$4
billion exploration and development forecast for Deltana platform,
offshore Venezuela. Resource potential estimated by PdVsa to be 38-80
trillion cubic ft of gas
Border
dispute between Guyana and Suriname was resolved on September 20, 2007, however from June 2000 through September 2007 offshore exploration was frozen