Guyana could see oil exploration activity in the ultra-deepwater region picking up pace in the near future with United States oil giant Chevron set to buy Anadarko Petroleum Corp, which holds an exploration licence for the Roraima Block offshore Guyana.
As part of its crude and liquefied natural gas (LNG) push, Chevron on Friday entered a US$33 billion proposed buy over of Anadarko. Officials at Chevron told Stabroek News that when the deal closes, the Anadarko-own-ed Roraima Block would form a part of its assets.
“We expect the Anadarko acquisition to close during the second half of 2019. Until the transaction closes, it’s business as usual, and both Chevron and Anadarko will operate as separate companies. Assuming the transaction is completed, Anadarko’s licenses would transfer to Chevron following the necessary regulatory review,” Kent Robertson, Manager for Global External Affairs at Chevron, told Sunday Stabroek when contacted.