* Guyana’s natural resources ministry (MNR) has announced that the Lancetfish-2 appraisal well in the Stabroek Block has resulted in a “significant discovery”. This marks the fourth offshore discovery so far this year in Guyana which has drawn major international interest since the discovery of offshore oil in 2015. According to the MNR it brings the total number of discoveries from 2015 to date to a total of 46. The earlier discoveries made in 2023 include Fangtooth SE-1 and Lancetfish 1 in the Stabroek Block, as well as the Wei-1 discovery in the Corentyne Block. According to an MNR press release, the Lancetfish-2 discovery in the Liza Petroleum Production License area, which is operated by a consortium led by US oil firm ExxonMobil, has “unveiled an estimated 20 metres of hydrocarbon-bearing reservoir, along with approximately 81 metres of additional hydrocarbon-bearing sandstone”.
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LatinNews Daily - 30 October 2023
In brief: Guyana announces another significant oil find
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