Hammerhead opened pathway to potential 10-billion-barrel ..New article:
Hammerhead opened pathway to potential 10-billion-barrel province
Hammerhead, the 9th of 13 discoveries made so far off the oil-rich coast of Guyana, opened a new play in the Stabroek block that potentially unlocks a pathway for the emergence of a multi-billion-barrel province. So says Westwood Global Energy Group, a provider of market research, subscription services and consultancy for the global oil and gas industry.
Westwood said the significance of Hammerhead is that it opens a new play in sandstone reservoirs of Tertiary age, younger and distinct from the previously successful Cretaceous aged reservoirs in the Liza sandstone play and Ranger carbonate plays. “The new Tertiary play opens the pathway for the emergence of a possible 10 billion barrel plus province, second only in its scale as a new emerging province this century to the Pre-Salt of Brazil. What is also remarkable is that Guyana has a population of only 800,000 people.”
This scale of resource could support a plateau production level of over a million barrels a day for a decade or more, the consultancy group said.