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Suriname-Guyana basin yet to realise promise

The large discoveries seen in similar geology across the Atlantic in West Africa have yet to be repeated off South America’s northeast coast

Hopes that the Suriname-Guyana basin off the northeast coast of South America could yield similar hydrocarbons finds to those being uncovered in the West African region to which it was once adjacent have lured several major explorers to the basin. Results have been disappointing, but further wells are planned in a region still thought to offer great potential. Sandwiched between hydrocarbons-rich Venezuela and Brazil, offshore Guyana, Suriname and French Guiana looks highly prospective. A 2012 US Geological Survey report estimated the basin could hold 13.6 billion barrels of undiscovered, technically recoverable oil. For gas, it estimated 21.2 trillion cubic feet. That would make the basin

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