Guyana, along with Suriname Brazil, Namibia and South Africa are likely to be among countries with “highly productive reservoirs” that will be priorities for major oil companies this year, according to a report emanating from the US-owned Wood-Mckenzie (Wood Mac), the global energy, chemicals, renewables, metals and mining research and consultancy group which supplies data, written analysis and consultancy advice on the oil and gas sector.
The assessment is proffered in a Reuters news report disclosing, among other things, news that Shell had, days ago, made significant oil and gas discovery offshore Namibia.
The Namibia oil and gas discovery announcement comes on the heels of earlier industry disclosures that the area immediately offshore the Southern African nation is expected to be one of the global hotspots for exploration this year.
The announcement came a matter of weeks after Shell had commenced drilling of the Graff 1 well in Namibia’s waters in December and reports indicate that the company has located resources estimated at 250-300 million barrels of oil and gas equivalent.
