Guyana: Tullow finds oil -discovery around 100 million barrels over expectation

UK petroleum company, Tullow, yesterday announced the discovery of oil in commercial quantities in the Orinduik Block, underlining the vast resources in the Guyana Basin and increased projected wealth for the country.

Tullow Oil Plc is the operator of the block via its wholly-owned subsidiary Tullow Guyana B.V. and has as its partners French oil major Total, Canadian company Eco Atlantic (Guyana) Inc and Qatar Petroleum in an arrangement that is still to be clarified with local authorities.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s