Guyana still doing independent review of oil and gas resources – Kaieteur News

Guyana is still doing an independent review of oil and gas resources


A year later …

Kaieteur News – At the end of 2019, the Department of Energy had announced that it would procure a consultant to conduct a 2D, 3D offshore seismic survey in Guyana so that a better understanding of the nation’s oil and gas potential can be obtained. But more than a year later, this exercise is yet to begin.
The survey was considered critical as it would help determine whether the large acres proposed by Guyana for offshore exploration and subsequent development should be kept the same or reduced. The Department of Energy had even stressed that the survey was vital as it would help Guyana offer packages that would retain more value than before.
While Guyana continues to move at a snail’s pace on this issue, its continental neighbors are not wasting any time in using the news of its discoveries to drive more defined studies. In fact, a consultancy called Brazilian Petroleum Studies (BPS), recently conducted an assessment to find out if it also has the offshore potential harnessed in Guyana, Suriname and French Guiana.
According to BPS, it recently completed an integrated petroleum system study on the Brazilian Equatorial Margin. He said the results clearly show that dramas, related elements, processes of the petroleum systems identified in Guyana and Suriname are identical to those present in the Foz do Amazonas and Para-Maranhão masses. Both of these basins are located in ultra-deep waters near the Brazilian Equatorial Margin.
Findings of particular interest to BPS and prompting the latest assessment include Liza, Payara, Turbot, Ranger, Liza deep, Snoek, Pacora, Longtail, Hammerhead, Pluma, Tilapia and Haimara deep fields in Guyana; as well as the Maka and Sapakara fields (discovered by Apache in Suriname) and the Zaedyus field (discovered by Tullow in French Guiana).
BPS went on to point out that the Equatorial study went well beyond conventional seismic mapping and good data by applying state-of-the-art basin modeling and Advanced Geochemistry Technology (AGT) to reclaimed oil samples at the Foz for Amazonas and Para-Maranhão Basins.
Taking into account the findings of the study, together with the new state-of-the-art 2D seismic data obtained by TGS in the Foz do Amazonas and Para-Maranhão basins, BPS said that it is concluded that “the region could be border ultra-deep water hydrocarbon. ”
It should be noted that the said data even supported the incorporation of offshore concessions into the list of 92 approved exploration and production blocks that Brazil had put up for sale in its 17th bidding round. They were subsequently removed due to environmental concerns. (See link for more details: https://www.spglobal.com/platts/en/market-insights/latest-news/coal/010721-brazils-cnpe-approves-92-offshore-blocks-for-17th -bid -round-anp).



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