While underscoring that its two finds so far offshore Guyana were heavy crude oil and it will now have to assess the viability of the project, the United Kingdom-based Tullow Oil has assured that it is not thinking of leaving.
The company yesterday said that it intends to have a shore base in Guyana next year, even as its stock on the global market fell its steepest in the last two decades yesterday.
“We still have a lot of interests in Guyana. We need to complete the studies on Jethro and Joe. We’re drilling Carapa in the Kanuku licence right now…And we expect to have a full programme in Guyana,” Tullow’s Head of Communications, George Cazenove said, in response to questions from Stabroek News yesterday.