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PESA NSW March Technical Meeting 2022
Tuesday, 8 March, 2022 @ 12:00 pm - 2:00 pm (Australia/Sydney time)$15.00 – $75.00
Guyana – 10 billion barrels and counting
In 2015 ExxonMobil discovered oil in the Stabroek Block in the deep water of Guyana, South America. Subsequent discoveries have resulted in announced reserves of 10+ billion barrels.
First oil commenced in December 2019 with a second development coming on line this February. Current production capacity is 340,000 barrels per day.
This talk will describe
– The rationale for the pursuit of this opportunity in 1997
– A detailed review of the Lisa discovery
Lastly the talk will make some observations relative to the pursuit of frontier acreage opportunities