(Endeavor Management, 11.Jun.2021) — The challenge now facing operators in this promising region is to transition from an exploration/appraisal mode to best practices for development and production.
Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas. Like many oil & gas successes, this is a story that begins with early exploration success onshore, followed by a long period of exploration disappointment in coastal to shelf regions offshore, eventually culminating in deepwater success.
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By Thomas Cool, Lumay Viloria
