The Noble Madden Drillship
A recent discovery of high quality sandstone reservoir has taken Guyana’s estimated number of recoverable barrels of crude oil well over 5.5 billion. The discovery, in the Yellowtail-1 well, is the fifth and largest discovery in the Turbot area of the block.
Mike Cousins, senior vice president of ExxonMobil Exploration and New Ventures, said that the shared value of the Turbot area has grown, as successive discoveries in the area have been made. Exxon expects Turbot to become a major development hub. Continue reading
Guyana: Oil Dorado: They are coming…are we prepared? – By Lincoln Lewis
Guyana’s New Immigrants …. are we prepared?
Widespread news that Guyana is about to exploit her massive oil and gas resources will see people, from all over the world, flocking to our shores.
The promised El Dorado, spoken of since I was a boy, is not only confined to our precious minerals, gold and diamond, but has encompassed our ‘black gold,’ oil and gas. Already, the Brazilians are here. Not for oil and gas, necessarily. Their earlier studied movement and presence, in the last two decades, to our shores, where they have established settlements as in church, supermarket, restaurant, strip club and other forms of entertainment, are demonstrations of permanency.
Then there is the Venezuela political and economic crises. Though in significant part these have to do with external interference, as the USA and Russia test their might and seek world dominance using Venezuela as a guinea pig, we are not spared the impacting effects. Continue reading →
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