RE:Corentyne Block could be in production by 2030Nergy, Great Find and you would think that for him to just blurt this out at a local Chamber meeting, he surely has insight and likely recent to have him to use the
highlly likely term and refer to the C block. I would also think to have this confidence, he is aware of someone or a group of someone's with deep pockets and a history of success will be the ones who bring it into production, someone is confident that the oiil is there..
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High hopes exist in Guyana for oil production outside of the Stabroek Block. This is evidenced by recent statements from the Minister of Natural Resources, Vickram Bharrat who said that the Corentyne Block could move to production in the next eight years."
“We have already made a discovery in the Corentyne Block… They did an appraisal well, and there are plans to do more appraisal wells so it is highly likely that the Corentyne Block can be in production by 2030,” Bharrat said on October 13. He was at the time, addressing members of the Georgetown Chamber of Commerce and Industry (GCCI) during an information session on the Gas-to-Energy project. The session was organised by the Chamber’s Petroleum Committee."
"The Corentyne Block is currently operated by CGX Energy. Frontera currently holds a 72.7% participating interest."