RE: Could Guyana Replace Venezuela As A Regional Oil Giant?4 Jul 2021 19:06
low-risk drilling project...? Good to read that...
"Eco-Atlantic is the latest oil firm to join the major players, acquiring a stake in JHI Associates and taking its share in the Canje block off the coast of Guyana, where Exxon operates.
A 2021 multi-well exploration program will develop upon activities in the Canje Block to see how far the region’s hydrocarbon system extends. ****The low-risk drilling project**** could provide greater insight into the extent of Guyana’s oil reserves.
Eco has stated, "This transaction will increase Eco Atlantic's presence in the Guyana-Suriname basin to include a three-well drilling programme, with the first two firm wells on the Canje Block drilling in 2021 and at least one on the Orinduik Block, subject to partner approval."