Guyana looking to expedite offshore drill campaigns as discoveries balloon - Panorama Insurance Brokers

Guyana looking to expedite offshore drill campaigns as discoveries balloon

The Guyana government is pushing for major expansion of exploration and development of its vast hydrocarbon resources offshore and said it will be doing so with the highest level of compliance and transparency.

Natural Resources Minister, Vickram Bharrat said Wednesday ExxonMobil’s double oil strikes at the Whiptail-1 and 2 prospects will add to the more than 9 billion barrels of oil equivalent resources found so far at the 6.6 million acres Stabroek Block.

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