Anyone in the mood for a little good energy news?
Guyana is going to emerge as a leading example of energy, economic development , and environment in South America. The fact that this will be the fastest offshore development is not unimportant. Hopefully, by 2027, the world will have decided to a take rational approach to the oil and electricity marketplaces.
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“This is the fastest development of an offshore in our time… if anyone had told you that Guyana has the 16th largest oil reserves in the world, you would have thought they were crazy,” Deakin outlined.
But this is the reality. Guyana’s prolific Stabroek Block has an estimated 11 billion barrels of oil equivalent (boe). And ExxonMobil is on an aggressive development campaign.
https://oilnow.gy/featured/guyana-production-by-2027-would-exceed-us147-million-per-day-at-current-oil-price/