HomeMagazine2022May 2022, Vol. 249, No. 5New Prospects Emerge in Guyana-Suriname Basin

May 2022, Vol. 249, No. 5

Features

New Prospects Emerge in Guyana-Suriname Basin

By Gordon Feller, P&GJ Correspondent  In 2000, the federal government’s U.S. Geological Survey, based in Washington, D.C., identified the Guyana-Suriname Basin as having the second highest resource potential among unexplored oil and gas basins in the world. It estimated the “mean recoverable oil and gas reserves” at more than 13.6 billion barrels of oil and 32 Tcf (906 Bcm) of gas. In the next few years, some large investments will flow into Guyana. The primary exploration activities are now being conducted primarily offshore, in the Atlantic Ocean.  Until 2015, Guyana remained largely unexplored, with no significant oil and gas (O&G) dis

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