Guyana v/s Permian
Hold on to your CGX and ECO ...
Big Oil Is Heading Offshore
""Hess Corp’s chief executive John Hess must have raised some shale-loving eyebrows at the conference when he compared the production costs of the Permian and its own Liza project offshore Guyana. To pump the equivalent of 120,000 bpd, Hess said, you’d need to spend US$12.8 billion in the Permian versus US$3.7 billion in Guyana. While this stark difference is not universal across offshore prospects and fields, it certainly gives investors some food for thought.""
https://oilprice.com/Energy/Crude-Oil/Big-Oil-Is-Heading-Offshore.html