SEPT-26-2013: MORE OIL COMPANIES LOOKING TO DRILL IN GUYANAInteresting to see either Anadarko or Exxon looking to "mobilize a rig to drill offshore Guyana'. Recall, most of Exxon's activities have been adjacent to the 'Demerara Block' where CGX has 100% interest.
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Natural Resources and Environment Minister Robert Persaud Thursday informed the media that two large oil companies Anadarko and Esso, both of which have concessions, are actively engaged in exploration activities offshore Guyana.
Speaking at a press briefing at his Brickdam office, the minister disclosed that the activities of one of those companies are far advanced to the point, where it is about to make a decision on mobilising a rig to commence drilling.
Meanwhile, over the past few weeks, the state-of-the-art vessel deployed by REPSOL, Polarcus Asima, is currently carrying out seismic studies to collect the relevant data. Seismology is a geophysical method of determining geologic structure by means of prospector-induced elastic waves.
Additionally, several other companies are carrying out similar studies, while another company is set to commence seismic studies within days, the Government Information Agency (GINA) reported.
“So at any one time, we will have three or four of those companies carrying out various forms of exploration work, all in our quest to tap into and realise the hydrocarbon potential of our offshore areas,” the minister said. The information garnered from these studies will inform the exploration teams on the way forward.