Guyana and Suriname among countries to dominate 2021 oil block licensing
| guyanapetroleumdigest.ca | Door: Redactie
GPD, TORONTO, Dec 18, 2020: Guyana and Suriname are among countries projected to dominate next year’s oilfield licensing activity, Rystad Energy said Thursday.
“We expect next year’s licensing activity to continue to be dominated by countries like Suriname, Guyana, the US, Norway, Israel, India, China, Malaysia, Egypt and the UAE,” Rystad added.
Located on the northern shoulder of South America, Guyana discovered oil in 2015 with drilling by a consortium of ExxonMobil-Hess-CNOOC and produced first oil in December 2019.
Guyana now has about #9 billion in proven reserves of oil and projections are that the English-speaking country of about 780,000 people could
According to the energy analyst: “Other countries may not announce their licensing schedules until the second half of next year as they wait for interest to pick up, including Indonesia, Myanmar, Thailand, Algeria, Tanzania, Equatorial Guinea, Ecuador and Barbados”.
Rystad also reported that 2020 is set to be the year with the fewest concluded licensing rounds of the 21st century, as only 43 rounds have been completed so far, with very little upside potential left.
Awarded acreage is estimated to
| guyanapetroleumdigest.ca | Door: Redactie
