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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.

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