Revenues expected to reach $157 billion by 2040. eyesonsuriname Amterdam March 23rd 2025– Guyana is the only South American country featuring a sizable economic growth. It was once one of the poorest countries in the Caribbean region until major oil deposits were discovered off its coasts in May 2015. According to a 2023 report, oil production in Guyana began in December 2019 and has generated…
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eyesonguyana Amsterdam, September 24th, 2024 – In 2015, Guyana’s fortunes changed dramatically with the discovery of vast offshore oil reserves. This small South American nation, known for its lush rainforests and diverse culture, suddenly found itself on the brink of an economic transformation. The potential for wealth was immense, but so were the risks. The “resource…
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eyesonproject Amsterdam, August 11th — Petronas, the world renowned and famous Malaysian oil- and gas company, confirmed it had delivered with the Sloanea-2 appraisal well on Block 52, which also hosts the 2024 Fusaea discovery and the 2023 Roystonea find in a water depth of 800 metres. A spokesperson for the Malaysian oil- and gas company …
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So is neighbour Guyana eyesonsuriname Amsterdam, August 3rd, 2024– There is a very strong possibility Suriname could become a strong and pivotal oil and gas development player the coming years. With the potential to significantly influence global energy dynamics, according to Mr. Patrick Jelinek, a well known source in the Oil and Gas environment. According to Mr. Patrick Jelinek, the cards Guyana holds at this point of the game are so strong it’s difficult to…
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eyesonsuriname Guyana plans to contract a survey to gather data in support of offshore exploration and future bid rounds. The Ministry of Natural Resources published a June 5 request for expressions of interest from “reputable and experienced” firms to conduct a 3D multi-client seismic survey offshore Guyana. The new notice said the objective of the…
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Latest Global Fossil Fuel Players eyesonsuriname Amsterdam, 27 May 2024– Namibia has the potential to replicate Suriname’s and Guyana’s success in the oil sector, said NJ Ayuk, Chairman of the African Energy Chamber. In a recent conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Ayuk praised the new oil rich countries for their rich geological resources but…
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Plus 12.5 trillion Cubic Feet of Gas eyesonsuriname Amsterdam, 20 May 2024–The Consultancy Group of Wood Mackenzie has put Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf). Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million barrels of…
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eyesonsuriname Suriname, nestled on the northeast coast of South America, is experiencing a wave of optimism driven by recent discoveries of significant oil and gas reserves in the shared Suriname-Guyana Basin. These discoveries, coupled with rising global energy demands, are poised to propel the nation’s economy towards a brighter future. A Basin of Opportunity The…
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eyesonsuriname Amsterdam, 1 Feb 2024– The global upstream industry is eyeing a rebound in high-impact oil and gas drilling in 2024, with Africa and Latin America poised to be the driving forces behind these activities. According to Rystad Energy, a total of 36 high-impact wells are identified for drilling this year, marking the highest annual…
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eyesonsuriname Amsterdam, 15 Jan. 2024–The Guyana-Suriname basin is projected to add 950,000 barrels of oil per day (b/d) to market supply, with four projects to come on stream in the period 2025-2028. One floating production, storage and offloading (FPSO) vessel will start operations each year in the period. 1. ONE GUYANA (Yellowtail project) – Developers: ExxonMobil,…
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