Related Articles
Forward article link
Share PDF with colleagues

Guyana's new crude frontier?

The Liza oil find offers the promise of an economic boost for the country but the government must plot its course carefully

The 2015 oil discovery at Liza, offshore Guyana, was a landmark well. It marked the end of an eight-year campaign to find a follow-up to the 1.8bn-barrel Jubilee play, which opened Ghana's Tano Basin in 2007. The search, along what is known as the Atlantic Transform Margin, had until now proved elusive: 24 unsuccessful wells had been drilled at a cost of $3.4bn (probably more than $6bn when seismic and general and administrative costs are included). Like Jubilee, the trap at Liza appears subtle and largely stratigraphic in nature: one not easily seen in the seismic data without sophisticated geophysical processing. The geological age of the source rock and reservoir are similar, consisting

Also in this section
Latest licensing rounds
24 April 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Finding the sweet spot: Canadian conventional oil
19 April 2017
The oil sands get most of the attention and investment, but there is life in the country's oil sector beyond bitumen
Pioneer's startling Permian output-growth plans
29 March 2017
Pioneer Natural Resources' growth plans will transform the company and points to a long bull run for Texas's prolific shale play