Guyana basin discoveries approaching 13 billion barrels with much more to come, minister tells OTC c

Dated: August 19th, 2021

OilNow

Minister of Natural Resources, Mr. Vickram Bharrat

Guyana’s Minister of Natural Resources, Vickram Bharrat, told attendees at the Offshore Technology Conference on Wednesday discoveries in the Guyana Basin are now likely approaching 13 billion barrels of oil equivalent resources and that he expects there will be many more oil strikes.

“We will have a number of exploration activities for the rest of the year as well as early next year too. Actively now, we have 6 – and one will be added soon – 7 drill ships operating offshore Guyana, and this shows the kind of interest that is being generated in the Guyana Basin,” Mr. Bharrat said.

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