OTC 2018: Guyana-Suriname Basin Shows Long-Term Promise

The first rule of puzzle assembly is to start with the edges and work in, flipping pieces this way and that, until the snap of snug fit indicates correct piece placement. When looking at a world map, it is easy to see how South America and Africa were once part of a larger whole.

By working the edges of each, offshore E&P discovered vast reservoirs of oil and gas off the coasts of Angola and Brazil. Major oil discoveries in offshore Guyana in recent years have led to increased international investment in the Guyana-Suriname Basin.

Attendees to Tuesday morning’s industry breakfast on Guyana and Suriname were transported to the lush forests of the region as they learned about how 16 years of patience and perseverance led to the eventual discovery at Liza-1 by Exxon Mobil and its partners Hess and Nexxen in 2015.