26. Guyana Basin: How to find a giant oil field by exploring for water.

26. Guyana Basin: How to find a giant oil field by exploring for water. V.010518

The Guyana Basin has become both ” cool ” and hot since the 2015 Liza discovery offshore.

Based on the unique petroleum system(s) in the Guyana Basin one can only be convinced that the Guyana Basin is an awakening oil giant.

In 1965 the first giant field was already found onshore, the Tambaredjo field.

Not noticed by a majority of explorers.

Fifty years later in 2015 followed by the recent giant elephant discoveries of ExxonMobil in nearby Guyana.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

” Birth Announcement ” of a Massive Oil Region: on behalf of ” Guyana Basin “.

http://emg.geoscienceworld.org/content/8/1-2
Birth Tambaredjo Giant Field – Taken from Th.E.Wong et al. p. 383, 1998 – MCAL

In 1965 Guyana Basin proudly announced the birth of its first giant field (unnoticed by the majority of explorers) in onshore Suriname:

Name: Tambaredjo.

Weight: Billion barrel oil field

Father: Geological and Mining Service, GMD (ir. Hugo Coleridge, discoverer). Paleocene, Saramacca Fm. sands at a depth of 150 – 425 metres. Also in Miocene, Coesewijne Fm. sands.

Mother: Canje Formation, U-Cretaceous, Cenomanian source rock (extended Tethys Ocean, Continental Margin family of La Luna, Querecual and Naparima Hill formations).

Place: Tambaredjo, Calcutta, Saramacca district, Suriname.

Time: 13 October, 1965.

Details:

A. Tambaredjo oil is not lazy or obtuse at all.

The newly born and expelled petroleum at a young age already managed to travel (migrate) all alone. Using only its genetic buoyancy instinct. As navigator in the dark, unknown subsurface.

Covering a super long distance (ca. 200 km – ” Olympic Gold Medal, Neogene-Super Long-Distance-Subsurface-Walking “) while pro-actively searching for a suitable home (reservoir). That could provide a safe, leakproof roof (Paleocene shale) and spacious, interconnected pores as confortable habitat. Finally well-received in the fluvial-deltaic Palaeocene T-sands and Miocene Coesewijne, in the most up-dip part of the basin.

Suriname - Source: SOM & Austinbridgeporth FIG. 9 - MCAL

Suriname – ” Tambaredjo giant field: Welcome to my place, this is where I live, this is my cozy petroleum habitat ” – Source & credit: SOM & Austinbridgeporth FIG. 9 – MCAL – http://www.geoexpro.com/articles/2016/10/suriname-new-technology-unlocks-hydrocarbon-potential

Onshore, Tambaredjo?

The ultimate spot, where nowadays one would dare to wildcat with a first oil well in the prolific Guyana Basin. As a most sophisticated and learned digital explorationist. With all the present day information available on the workstation.

A most adventurous migration history, still unlocked and untold by Mr. Tambaredjo.

When and who did you visit since you left the kitchen of mother Canje Fm.? Where did you temporarily camp on route? Which stratigraphic fairways and tectonic shortcuts did you take? Who in addition facilitated your long voyage. How much weight did you gain (lose), decending from 45 to 16 degrees API and 500-cp, low vanadium and sulphur oil ?  Did you earlier split up with your family, if yes, where are they now located. What was the time schedule  of your voyage? When did you depart and arrive? Do you represent only one generation or multiple generations? As a migrant, from – 5000 m. to -180 m.?

Before obtaining definite shelter. Voyaging from mother’s Canje Formation kitchen deep offshore towards Palaeocene T-sands.

Migration history easily unveiled ??

Following 18 will all give you a geologically democratic, interesting and most valid answer. The convincing answer. Part of…

Accompanied by splendid migration maps and traffic arrows, indicating the petroleum where to walk. Like a Tom Tom Navigator. Authentic geo-art using all the colours of the rainbow, to make migration and accumulation visually more pleasant.

BasinMod1D, BasinMod 2D, BasinMod3D, MigriX, IFE-MIG3D-BAS, ZetaWare Trinity, PetroMod, Temis2D, Temis3D, TemisFlow, CougarFlow, OilTracers, Charge Risk, Gussow fill-spill, In-Reservoir Alteration, Biodegradation, Biomarkers etc. etc..

Of course.

Do not forget to analyse why the provided pre-drill “truth” unfortunately proved to be “false”, post-drill and post-mortem.

After drilling the bone and astonishing bone dry, some 200 million US$ hole(s). Without a single ppm of petroleum. The mud loggers, mud logging unit and gas chromatograph had a most boring and lousy time on the rig. Such as in…..guess yourself which one(s).

Post-Mortem ?

Where myself I was happy to learn the best lessons in my career. This as I have been in charge of having to write and present them for more than a decade. A close look in the mirror. R.I.P’s. This time without make-up, without tricks and treats.

” High impact discovery well to-be ” ?

B. Discovered by accident while prospecting for water (….very sorry about that grotesque mistake….).

C. Carrying out a water-drilling project to supply water to a nearby school and village (….our sincere excuses…but…unfortunately we found a giant oilfield….instead of the clean and abundant water we promised you all for your little cozy school in Tambaredjo village).

D. I am in production since 1982. About 115 MMbo produced from 3 oil fields, 87 MMbo remaining reserves, 17,000 bopd production currently.

E. I do have an intrinsic preference for structural basement highs and additional structural elements. The Calcutta Uplift and the E-W Tambaredjo, NE-SW Broederschap, NE-SW Weg near Zee major fault systems. Basement-rooted (and Cretaceous-post-Albian inversion originated) faults that terminate in the Eocene and Miocene.

Tambaredjo Giant Field & Bakhuis High
Tambaredjo Giant Field & Bakhuis High

F. In the offshore area, such as Block 45 ? Find out by yourself. I do not reveal all my secrets so easily. (P.D. @ June 2018: Anapai well, Block 45, P&A).

I am hard-to-get.

Exploration tip and discovery moral ??

So now and then, dare to drill pro-actively for water, if you wish to find oil (elephants).

As a matter of fact one most often pro-actively explores for oil, and finds only water (euphemistically called “technical discovery wells”, the proof for existence of reservoir rocks).

Birth of its second and third giant fields was announced by the arrival of Guyanese twin-sisters Liza and Payara. In 2015 and 2017.

The continuing story will most certainly involve many, many more giant discoveries in the near future?

Suriname offshore license map - may 2018
Suriname offshore license map – may 2018

Prospects abound in both locations, offshore Guyana and Suriname, but a big question that remains in the discussion is how far the prospectivity of the Guyana-Suriname Basin extends across the border into Suriname.

Note at May 30, 2018: Please see my updated blog on Anapai-1A well in Chapter Petroleum Exploration, Blog 27. This blog is from 1 may 2018.

Present Anapai-1 well (Lower Cretaceous fan prospect) spudded beginning of April 2018, by Kosmos/Hess in Block 45, is rather low profile and without bold predictions in the press.

The first ” main ” discovery offshore Suriname? Hopefully, could very well be, a prospect on the west flank of the Demerara High, fingers XX.

The SE-NW seismic cross section very well illustrates the types of play that can be expected, as in Block 45. Such as the Lower Cretacous fans, that were mainly fed by the eastern area, now occupied by the Demerara High. They are fragmented by the west dipping, gravitational fault blocks on the west flank of the Demerara High. Making it structural traps with an important stratigraphic fan element.

Block 45 Kosmos/Chevron - Anapai 1 well - april 2018
Block 45 Kosmos/Chevron – Anapai 1 well – april 2018
Offshore Suriname - SW-NE section - from Demerara High to deep offshore - Playtypes
Offshore Suriname – SW-NE section – from Demerara High to deep offshore – Playtypes – Taken from Staatsolie website
Offshore Suriname - Playtypes
Offshore Suriname – Playtypes

Suriname nearshore potential.

The potential for Suriname is significant according to Tom Ketele, nearshore drilling project manager for Staatsolie. The country, with more than 30 years of onshore production, has onshore crude reserves to sustain it for the next 15 years, he said. By developing its ultra-shallow nearshore resource potential, the country will be able to extend those reserves significantly.

Staatsolie has identified and ranked 15 prospects, some stacked, in water depths of 5 m to 30 m offshore. The company has plans to drill a 10-well exploratory campaign from April 2019 to December 2019, he said.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

 

25. Guyana, Essequibo, Petroleum Exploration

25. Guyana, Essequibo, Petroleum Exploration -V27.06.18

Contents (15)

  1. Introduction

This post contains references to a few essential and very interesting historical documents. These serve for a thoughtful understanding of the Essequibo controversy in the light of its historical background.

Why ??
Principally for myself.
To find the mere facts, to be able to have my own opinion on this important issue, not as a law expert. But as an independent, impartial petroleum explorationist and business consultant.
I became interested in this interesting subject in 1977 when living in Venezuela.

Maybe ?
As well as for all those somehow involved and interested in Guyana, its varied history, petroleum and gold exploration and production ?
Such as…

Explorationists and avid Guyana followers ?

That are now finally discovering where Guyana and the prolific Guyana basin is located on this globe and on Google Maps.
A hidden corner on the globe.
Already 50 years after the first Tambaredjo giant petroleum field discovery. ( https://mar-petroleumexplorationconsultant.com/26-guyana-basin-how-to-find-a-giant-field-by-exploring-for-water/)

And 425 years after Sir Walter Raleigh became the ” discoverer ” of Guyana. By searching for El Dorado in the deep jungle.

Discovery of Guyana 10
Discovery of Guyana 10

Investors, IMF and World Bank executives, business, commercial developers, portfolio and business-project-intelligence specialists and managers.

Real estate agencies and speculants, (corporate) strategists, process-pricing-operations specialists, defense specialists, lawyers, PSC negotiators, bankers, hotel builders, airliners.

The-full-gamut-of-entrepreneurs, any-kind-of-clever-consultants-wishing-2-make-lots-of money ?

Black gold rushers, bounty seekers, wheeler dealers, rum runners, refugees, would-like-2-be-millionaires, the-get-rich-quick, desperados, opportunists, circus clowns.

Ware houses, whore houses, adult clubs, offshore buccaneers and privateers, story tellers etc.?
It sure is an integral part of the folclore in the gold and blackgold rushes that I have experienced and know of.

Guyana ?

Part of my family roots ?

Home country, first, for my mother’s parents and grandparents after emigrating from poverty-stricken mainland Canton by 1880. From the Qing dynasty, the last imperial dynasty of China.

Guyana, a wonderful country that I first visited in 1972. By travelling over land from Paramaribo, Suriname to Georgetown. Then a lovely dormant colonial city with a lot of Dutch flavour, names etc.

In the late seventies of last century, I was priviliged to start my geology career in beautiful Caracas, la Venezuela saudita. I was fortunate to spent an extended period in this exhuberant country. As such I had the splendid opportunity to live, share, integrate, enjoy. To develop professionally. Herewith to contribute substantially to the progress of Venezuela.
Such as with participation in important giant petroleum discoveries, in Maracaibo, Ceuta field and Orinoco, Hamaca area and basins, with applied research and international publications. ” Chinito, eres un Venezolano re-encauchado “, my friends soon used to joke amiable.

When I arrived in ” La Sucursal del Cielo ” I immediately bought one of the excellent road & geographical maps of Venezuela. These could be acquired cheap for 1 Bolívar in any gasoline station of the oil firms as Maraven, Lagoven, Corpoven, Meneven etc.

What struck me from the very first moment was the immense cross-hatched area in the east, indicated as ” Zona en Reclamación “.

The ” controversy area “: The west Essequibo area. About half the area of Guyana. 159,500 Square km or about 4 times the size of the Netherlands.

Since then I have been interested in this subject, continually read the publications and have discussed it with many people and colleagues in Venezuela.

This post represents my personal attempt and private opinion, in studying and in trying to understand the full background and details of this old controversy. I wish to share this with you.

Caracas - Avila Mountain seen from Country Club
Caracas – Avila Mountain seen from Country Club – from a famous Venezuelan painter – Own collection . This is the view of the Avila mountain. A so-called Avila painting. As we wished to take a tangible piece with a personal commemoration along with us of this iconic mountain and of Caracas we acquired this superb (200 x 100 cm) painting. Now it is our permanent Avila Mountain “window view”. We have it hanging on the main wall of our sleeping room.

Venezuela and Caracas ?

“If you are lucky enough to have lived in Caracas as a young man ? Then wherever you go for the rest of your life, it stays with you. For Caracas is a moveable feast.”

Precious and dear memories of my/our period in la ” Sucursal del Cielo ” (…then) very much resembles the atmosphere as magnificently described in ” A moveable feast ” by Ernest Hemingway. The Nobel Prize winner literature describing his time spent as an expatriate in la Ville Lumière. The last of his 21 chapters ?  ” There is Never Any End to Paris “.

Caracas and Venezuela ?

A moveable feast in many aspects. An exiting and educational extensive rollercoaster ride and life (style) experience, both in the subsurface gold mines and on the surface. The always happy and candid people, friends, colleagues. Swinging tropical music, musica llanera, salsa, gaita, with spring temperatures. Excellent food, busy restaurants. With my favourite arepas con carne mechada, empanadas de cazón, pollo a la brasa, parilla de carne, hallaquitas, pargo rojo frito. Polar, rum Caballito Frenado and Diplomático, batidos de guanabana, cafecito con leche, guayoyito etc. etc.

The varied geography, narrow valleys, extensive tropical grassland plains or Llanos; Andean and Caribbean Mountain System mountains, snow on the 4978 m high Pico Bolívar.

Beaches, really stunning, secluded and pristine, pearl white through to gold soft coloured, along the 2800 km Caribbean coastline. Dense jungles and rainforests covering some 54 million hectares. The mighty 2,140 km Orinoco river. Colourful flora and exotic fauna. 115 Majestic, up to 1000 meters high, flat tabletop Roraima mountains or Tepuis of 2 billion years old in the Guyana Highlands hosting the highest 979 meters Angel waterfall.

The interesting and comprehensive geology, ranging from the 4.6 billion years old Proterozoïc of the Guiana Shield to Recent. With almost all textbook sedimentary, plutonic and metamorphic rocks and a whole scala of different major petroleum basins. A bustling and frenetic exploration and production of both petroleum, bauxite, iron, gold and other ore minerals.

An exquisite geoscience-candy-boutique for a fresh explorationist just flying out from his Alma Mater Leiden in The Netherlands, Europe. Avidly embracing his opportunity to explore the world.

Charming, most elegant and toe-to-head fashionable señoritas, about everywhere. Each and every day (…uh, uhh, uhhh, almost though) were a feast. Certainly an adventure with always a big surprise. A setting and exciting atmosphere soaked in optimism and with an inspiring and dynamic progress. Immigrants flocking in from all over the world, especially from Latin America. Searching for a new prosperous future.

Just 60 km north of Venezuela. Curacao or Dushi Korsou, my own birth place and home. Awesome island, ever swimming and sunbathing in the pristine, emerald blue Caribbean sea. Discovered in 1498 by Alonso de Ojeda.

In 1977, four hundred and seventy nine years later, I felt obviously utmost exited, grateful and honoured to have the opportunity to start exploring in Venezuela.

As the very first Curaçao native geologist and explorationist. What a tremendous thrill.

Korsou, also the birthplace in 1782 of admiral Pedro Luis Brión and general Manuel Piar, 1774, important freedom fighters, or Próceres, in the army of Simón Bolivar during the Venezuelan War of Independence.

Piar is the official Libertador de Guyana that conceived and executed the conquest of Guyana Province.

Two heroes from Curaçao that gave their own lives to free Gran Colombia from the oppressor Spain.

General Piar, Libertador de Guyana.
Manuel Piar, from Curaçao, is de facto the person that liberated Provincia de Guyana and Essequibo for the República Gran Colombia of Simón Bolívar.

He was most unfortunately executed, nonetheless his major contribution to freedom, as Libertador de Guyana, as erroneously ordered and admitted by Simón Bolívar.

Without any valid and certainly with skewed reasons.
“ Hoy he derramado mi propia sangre “ Simón Bolívar said in tears after the execution.

Bolivar himself, The Liberator of South America, took refuge on the island of Curaçao after the first stage of the revolt in Venezuela failed in 1812. He and his two sisters arrived penniless and had to rely on the generosity of friends on the island. Lawyer and merchant Mordechai Ricardo lodged them in two houses. The two sisters stayed in the octagonal building by the sea, now a museum. While Bolívar worked an studied in a small house on a hill overlooking the busy harbor of Willemstad.

Nowadays, february 2020, my native Curaçao lodges some 24 thousand refugees from Venezuela. Many escape and arrive in small fisherman ships, helped by professional smugglers and paying up to $ 1500 to the trip.

Venezuela, a paradise in many aspects, also explored by Alexander von Humbolt. Between 1799 and 1804 as part of his extensive Latin American expedition. Where he also climbed the iconic Avila mountain of Caracas with the young poet Andres Bello.

An impressive national hymn, dedicated to the brave people, Gloria al bravo pueblo.

An even so impressive unofficial, second and most curiously danceable national anthem and joropo. Alma Llanera, Soul of the Plains, stating, Yo naci en la ribera del Arauca vibrador etc.

Caracas. A Moveable Feast.

Presently…

Unfortunately, from riches to rags in just 2 decades.

Unwillingly and recklessly being forced to mimic Paradise Lost of John Milton.

The last 2 chapters ?

” There is Never Any End to Caracas “.

Followed by, somewhere in the very, very, very far future though:

Paradise Regained, also from John Milton.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

1) http://www.icj-cij.org/files/case-related/171/171-20180404-PRE-01-00-EN.pdf – April 04, 2018 – Filing of application.

Inserted Note @ June 14, 2018:

I wanted to attend the announced  18th June, 2018 session. Called the ICJ in The Hague to make a seat reservation. But was told that it was cancelled, was not on the agenda and no next date set as yet.

Plan to attend Part of the 23-27 march 2020 public hearings at ICJ, The Hague.

Personal note:

As Venezuela has stated before it does not recognize a ” verdict or solution” by the ICJ on this case. Which makes me think and conclude beforehand that this ICJ ” intervention ” is unfortunately a loss of effort, time and money.

Inserted note at 27 April 2019: Venezuela indeed has notified ICJ that it does not recognize them as mediators. Loss and waste of time and money. In this case the international judges at ICJ have a fruitful time in The Hague, spending (spoiling) valuable time and money in a case that from beforehand was deemed to fail.

Only a F2F, bilateral transnational negotiation, with give-and-take, both-win-win, can lead to a mutually suitable agreement, in my humble opinion. Otherwise it will stay unresolved for an undetermined time (for centuries or for ever, so to say).

June 18th 2018 Venezuela had a session planned to defend its case at the ICJ in the Hague, the Netherlands.

According to Venepress of June 15th, 2018:

” El 18 de junio tendrán que presentarse argumentos sin sesgos ideológicos y con el único fin de preservar los intereses de la nación.

El secretario general de la Organización de Naciones Unidas (ONU), Antonio Guterres, anunció meses atrás que ante la falta de avances en la disputa entre Venezuela y Guyana por el territorio Esequibo, el caso quedaría en manos de la Corte Internacional de Justicia (CIJ) y el próximo 18 de junio será el primer encuentro.

Durante la cita Venezuela deberá “defender” el derecho del país sobre el Esequibo, con base al Acuerdo de Ginebra de 1966 en búsqueda de una resolución pacífica.

Jorge Luis Fuguett, presidente de la ONG Mi Mapa de Venezuela incluye nuestro Esequibo, explicó a Venepress que Venezuela deberá argumentar su posición ante la CIJ, ya que aún no se han agotado todos los mecanismos del artículo 33, capítulo VI sobre arreglo pacífico de controversias de la Carta de las Naciones Unidas.

“Las partes en una controversia cuya continuación sea susceptible de poner en peligro el mantenimiento de la paz y la seguridad internacionales tratarán de buscarle solución, ante todo, mediante la negociación, la investigación, la mediación, la conciliación, el arbitraje, el arreglo judicial, el recurso a organismos o acuerdos regionales u otros medios pacíficos de su elección. El Consejo de Seguridad, si lo estimare necesario, instará a las partes a que arreglen sus controversias por dichos medios.”, reza el artículo.
En ese sentido, Fuguett explicó que el abogado o grupo de abogados que vaya en representación de Venezuela debe enfocarse en tal punto, ser un conocedor de derecho internacional y manejar a profundidad el tema del Esequibo “.

Contents (16)

1) Introduction

2) http://www.icj-cij.org/en (International Court of Justice website).

3) Personal note and musings.

Possible major future implications and adaptations for licensed areas petroleum exploration and production and petroleum already discovered and produced. If present day boundaries, inclusive offshore, were e.g. to be modified / adapted by ICJ ??

See 7 relevant maps included below.

4) 1899 Arbritral Award Colony of British Guiana and the United States of Venezuela

5) Guyana and Venezuela in bitter border dispute after oil discovery
A bitter row with Venezuela that goes back over a century and nearly started a war is being taken to the United Nations. By David Connett Saturday 26 September 2015 21:27

6) Essequibo, the Territorial Dispute between Venezuela and Guyana
by D. ZWAAGSTRA on JANUARY 8, 2016 · Peace Palace Library –

7)  An Oil Strike in No Man’s Land
A new oil field near Venezuela could be the miracle Maduro was waiting for. There’s just one problem — it’s in territory claimed by Guyana.- By Daniel Lansberg-Rodriguez| June 16, 2015.

8) Guyana-Venezuela: The “controversy” over the arbitral award of 1899
September 11, 2015 COHA essequibo, geneva, great britain, Guyana, Odeen Ishmael, United States, Venezuela, Washington.

9) The Discovery of Guiana by Walter Raleigh – free ebook – 344 KB – Kindle – Gutenberg.

10) Who was Robert Herman Schomburgk ?

11) British Guyana – History – Wikipedia

12) Anglo-Dutch Treaty of 1814 – Wikipedia

13) Chronology of events – http://agriculture.gov.gy/wp-content/uploads/2015/12/1-2-files-merged-new.pdf

14) 25 Successive maps of Guiana from 1595 to1898: http://www.britishempire.co.uk/maproom/britishguiana.htm

15) https://www.linkedin.com/pulse/el-petróleo-en-la-controversia-territorial-por-gamero-lanz/

16) The Venezuela-British Guiana Boundary Arbitration of 1899 – by Clifton J. Child – The American Journal of International Law Vol. 44, No. 4 (Oct., 1950), pp. 682-693.

  1. https://www.icj-cij.org/files/case-related/171/171-20180404-PRE-01-00-EN.pdf– April 04, 2018 – Filing of application.

 

Essequibo Claim 2018 - Georgetown
Essequibo Claim 2018 – Georgetown
Guyana 2018 - El Dorado feeding ourselves - Gold 100 dollars
Guyana 2018 – El Dorado feeding ourselves – Gold 100 dollars
2) https://www.icj-cij.org (International Court of Justice website).
3) Personal note and musings.

Possible major future implications and adaptations for e.g. licensed areas petroleum exploration and production and e.g. petroleum already produced, if present day boundaries, inclusive offshore, were to be modified / adapted by ICJ ??

See 5 relevant maps included below.

Offshore Licences vs Claim Area – 6 maps
Guyana - Venezuelan claims
Guyana – Venezuelan claims – Re. J. R. Gamero Lanz, LI, 2019

Offshore Guyana - Venezuela Claims - 2018 - LI
Offshore Guyana – Venezuela Claims – 2018 – LI, JR. Gamero Lanz
Venezuela - Guyana Offshore Map Claim 1
Venezuela – Guyana Offshore Map Claim 1

 

Venezuela - Guyana Offshore Map Claim 2
Venezuela – Guyana Offshore Map Claim 2

 

Venezuela - Guyana Offshore Map Claim 3
Venezuela – Guyana Offshore Map Claim 3

 

Venezuela - Guyana Offshore Map Claim 4
Venezuela – Guyana Offshore Map Claim 4

 

Venezuela - Guyana Offshore Map Claim 3
Venezuela – Guyana Offshore Map Claim 5
Essequibo Venezuelan interpretation
Essequibo, Venezuelan interpretation, 10/2019 – from LI, post Jonathan Franco, 9 October 2019, “ Presentación sobre las relaciones bilaterales Venezuela-Guyana. Personal question? I was just wondering if there was someone, invited…from Guyana present ?

4)  1899 Arbritral Award Colony of British Guiana and the United States of Venezuela – http://legal.un.org/riaa/cases/vol_XXVIII/331-340.pdf

1898 Arbritral Award Guyana- Venezuela
1899 Arbritral Award Colony of British Guiana and the United States of Venezuela -1

 

1899 Arbritral Award Colony of British Guiana and the United States of Venezuela - 2
1899 Arbritral Award Colony of British Guiana and the United States of Venezuela – 2 -…investigate and ascertain the extent of the terrotories belonging to, or that might lawfully be claimed by, the United Netherlands or by the Kingdom of Spain respectively at the time of the acquisition by Great Britain of the Colony of British Guiana and the United States of Venezuela.

 

1899 Arbritral Award Colony of British Guiana and the United States of Venezuela - 3
1899 Arbritral Award Colony of British Guiana and the United States of Venezuela – 3 – …the boundary-line…is as follows…(My own simple question as an explorationist: Where is the official geographical / geodetical map where these Award data are plotted on?? To be able to see it clearly. Not in poetical words but on a simple and clear cut map?)

 

1899 Arbritral Award Colony of British Guiana and the United States of Venezuela - 4
1899 Arbritral Award Colony of British Guiana and the United States of Venezuela – 4 – …Executed and published…3rd day of October, A.D. 1899.
5) Guyana and Venezuela in bitter border dispute after oil discovery
A bitter row with Venezuela that goes back over a century and nearly started a war is being taken to the United Nations

David Connett Saturday 26 September 2015 21:27

https://www.independent.co.uk/news/world/americas/guyana-and-venezuela-in-bitter-border-dispute-after-oil-discovery-a6668651.html

6) Essequibo, the Territorial Dispute between Venezuela and Guyana
by D. ZWAAGSTRA on JANUARY 8, 2016 · Peace Palace Library –

https://www.peacepalacelibrary.nl/2016/01/essequibo-the-territorial-dispute-between-venezuela-and-guyana/

” The origin of the territorial claim

The Essequibo (in Spanish, Esequibo), is nearly sixty percent of modern Guyana, consisting of all its territory west of the Essequibo River. The Treaty of Munster nor the London Convention defined a western boundary of (the later called) British Guyana.

In 1835 the British Empire sent a German-born naturalist and explorer Robert Herman Schomburgk to conduct geographical research in British Guyana. In the course of his explorations he produced a map between Venezuela and British Guyana. The British government then commissioned Schomburgk to demarcate the territorial boundaries. This Schomburgk Line led to Venezuela protesting British encroachment on their territory, provoking the territorial dispute that has remained unresolved to this day.

In 1850, after years of arguing over the territorial boundaries, both sides agreed not to occupy the disputed territory. Nonetheless, the dispute reignited in the decades after that with the movement of British settlers into the region and with the formation of the British Guyana Mining Company to mine the gold deposits discovered in the zone. In 1897, after pressure from the United States, it was decided by a Treaty of Arbitration (‘The Washington Treaty of Arbitration’) to submit the determination of the boundary line between British Guyana and Venezuela to arbitration. On October 3, 1899, the Arbitration Tribunal delivered its award.

Arbitration Award 1899 and Mallet-Prevost Memorandum 1949

Their decision was to grant Venezuela full control over the disputed area at the mouth of the Orinoco River (Delta Amacuro), and to grant Britain control over the remaining disputed land west of the Essequibo River (around 90% of the territory in dispute). There are different views according to how the Arbitral Award was viewed by Venezuela and Britain, but tensions rose again in 1949, when a memo from Mallet-Prevost, one of the American arbitrators on the Tribunal, was made public posthumously. In the memorandum he said that the American arbitrators had been pressured to agree to the final deal by the Russian President of the Tribunal. In 1962 the Venezuelan government declared the 1899 agreement null and void and revived their claim for all of Guyana west of the Essequibo River. ”

7)  An Oil Strike in No Man’s Land
A new oil field near Venezuela could be the miracle Maduro was waiting for. There’s just one problem — it’s in territory claimed by Guyana.

BY DANIEL LANSBERG-RODRÍGUEZ | JUNE 16, 2015, 5:09 PM –

An Oil Strike in No Man’s Land

8) Guyana-Venezuela: The “controversy” over the arbitral award of 1899
September 11, 2015 COHA essequibo, geneva, great britain, Guyana, Odeen Ishmael, United States, Venezuela, Washington

http://www.coha.org/guyana-venezuela-the-controversy-over-the-arbitral-award-of-1899/

Map Venezuela 1810
Map Venezuela 1810
9) The Discovery of Guiana by Walter Raleigh – free ebook – 344 KB – Kindle – Gutenberg – http://www.gutenberg.org/ebooks/2272

Very simple and straightforward purpose of Walter Raleigh:

In search of discovering, conquering and seizing El Dorado:

” …Manoa, the imperial city of Guaiana, which the Spaniards call El Dorado, that for the greatness, for the riches, and for the excellent seat, it far exceedeth any of the world as is known to the Spanish nation. ”

Raleigh did not know that El Dorado included the Black Gold in the deep subsurface of Offshore. As magnificently unveiled by Lisa and Payara of ExxonMobil.Discovery Guyana 4 – “…and if we sack the River of Hacha, St. Martha, and Carthagena (= Colombia)…”

My personal note: After studying this book and trying to understand his mindset, in his writings Sir Walter Raleigh thinks, plans and philosophises voraciously and proactively about sacking and taking about everything and every place that occurs to his dear, luscious mind and/or that he visited or wanted to visit. Such as also a main part of present day Colombia. Very similar to Hernán Cortés, El Gran Conquistador de México. For the latter pls. see my post nr. 7, Historia de Nueva -España, September 2017, Chapter Various. Philosophy: Just go, conquer, seize, sack, destroy and eliminate whatever is convenient for yourself, your King, Queen and home country or country that you serve. Absolutely no mental, moral, conscientious, ” ethical ” or whatever boundaries. Only the sky is the limit ? In this light I could even imagine that Sir Raleigh would have happily volunteered, if living in 2018, to go and colonize Mars. Or to seize the Black Holes of Einstein and prof. dr. S. Hawkings. By travelling and using the Tesla Roadster of Elon Musk, now en route in our Milky Way Galaxy and Universe. That was the real philosophy in the colonial times. Goneby ??

Suriname Jungle - SW - Near boundary Guyana - Arapahu - Myself
Suriname SW Quadrant – Boundary with Guyana – Corantijn river –  My own jungle exploration trip – Arapahu – Near the El Dorado location of Sir Raleigh – Myself (…have not seen the El Dorado as described by Raleigh). This area is located near the area explored by Sir Raleigh in 1595. And was also visited and mapped by Robert Herman Schomburgk, see his Map Guiana 1872 – This 1872 map has the same land boundaries conceded to Guiana during the 1899 Arbitral Award, 27 years later. What a coincidence ? Transnational negotiation and influencing skills ?? Any other skill or competency needed ?? Apparently?

 

Discovery Guyana 1
Discovery Guyana 1 – Sir WALTER RALEIGH

 

Discovery Guyana 2
Discovery Guyana 2 – …” The country hath more quantity of gold, by manifold, than the best parts of the Indies, or Peru “.

 

Discovery Guyana 3
Discovery Guyana 3 – “…an easier way to invade the best parts thereof than by the common course. The king of Spain is not so impoverished by taking three or four ports in America..”

 

Discovery Guyana 4
Discovery Guyana 4 – “…and if we sack the River of Hacha, St. Martha, and Carthagena (= Colombia)…”                                                               My personal note: After studying this book and trying to understand his mindset, in his writings Sir Walter Raleigh thinks, plans and philosophises voraciously and proactively about sacking and taking about everything and every place that occurs to his dear, luscious mind and/or that he visited or wanted to visit. Such as also a main part of present day Colombia. Very similar to Hernán Cortés, El Gran Conquistador de México. For the latter pls. see my post nr. 7, Historia de Nueva -España, September 2017, Chapter Various. Philosophy: Just go, conquer, seize, sack, destroy and eliminate whatever is convenient for yourself, your King, Queen and home country or country that you serve. Absolutely no mental, moral, conscientious, ” ethical ” or whatever boundaries. Only the sky is the limit ? In this light I could even imagine that Sir Raleigh would have happily volunteered, if living in 2018, to go and colonize Mars. Or to seize the Black Holes of Einstein and prof. dr. S. Hawkings. By travelling and using the Tesla Roadster of Elon Musk, now en route in our Milky Way Galaxy and Universe. That was the real philosophy. Goneby ??

 

Discovery Guyana 5
Discovery Guyana 5 – ” If we take the ports…of Uraba ”  etc. (= Colombia).

 

Discovery Guyana 6
Discovery Guyana 6 – …” a better Indies for her Majesty than the king of Spain hath any..”.

 

Discovery Guyana 7
Discovery Guyana 7 – …” sixth of February, in the year 1595, we departed England,..”.

 

Discovery Guyana 8
Discovery Guyana 8 – …” Manoa, the imperial city of Guaiana, which the Spaniards call El Dorado, that for the greatness, for the riches, and for the excellent seat, it far exceedeth any of the world as is known to the Spanish nation”.

 

Discovery of Guyana 9
Discovery of Guyana 9 – … ” the court and magnificence of Guyana Capac,…”.

 

Discovery of Guyana 10
Discovery of Guyana 10 – Location of El Dorado according to Walter Raleigh (this map taken from internet – is not included in the Gutenberg e-edition).

 

Raleigh map 1575 - Discovery of Guyana 11
Raleigh map 1595? – Discovery of Guyana 11
10) Who was Robert Herman Schomburgk ?

He made / was entrusted to make the map that included the west Essequibo area as an integral part of British Guiana.

Map Guiana 1872 - Robert Herman Schomburgk
Map Guiana 1872 – Robert Herman Schomburgk – Green line is border claim line according to Venezuela – Pink line is border claim line according to Brazil.

This map was ” apparently ” used, given the very high degree of similitude. Thus served as the basis for the 1899 Arbitral Award. In my humble opinion it is crucial and determinant for the present day ongoing controversy.

Sketch Map Guiana 1832 - With probable boundaries with Portuguese and Dutch
Sketch Map Guiana 1832 – With probable boundaries with Portuguese and Dutch 1

 

Sketch Map Guiana 1832 - With probable boundaries with Portuguese and Dutch 2
Sketch Map Guiana 1832 – With probable boundaries with Portuguese and Dutch 2 _ Note that Guiana was officially ceded to the United Kingdom in the Anglo-Dutch Treaty of 1814.

…in 1835, he was entrusted by the Royal Geographical Society, London with conducting an expedition of exploration of British Guiana.

…In 1841, he returned to Guiana, this time as a British Government official to survey the colony and fix its eastern and western boundaries. The result was the provisional boundary between British Guiana and Venezuela, known as the “Schomburgk Line”, and the boundary with the Dutch colony of Surinam.(Note that this became the official boundary during the 1899 Award).

Map Guiana 1875 - Royal Geographical Society London - Robert Herman Schomburgk
Map Guiana 1875 – Royal Geographical Society London – Robert Herman Schomburgk – Please note the gradual and substantial encroachment / enlargement of Guyana’s territory. When comparing the successive geographical sketch maps in the period 1830 – 1896. Such as the previous 1832 Sketch map with probable boundaries versus the 1872 map. With substantial area added by Robert Herman Schomburgk. Area added comprises the totality of the area previously indicated on the maps as claimed by Portuguese and Dutch. This map also represents the territorial boundaries after the 1899 Award. Abrakadabra, et voilà, a new map and a larger country. How easy. Just consult with Mr. Robert H. Schomburgk if you wish to enlarge your country boundaries.

Question? Was above map used / allowed to use as a basis for decision making, by the 5 honorable judges, during the 1899 Award ???

Map Gran Colombia - Venezuela - 1819 - including Essequibo boundary
Map Gran Colombia – including Venezuela – 1819 – includes the Essequibo border.

 

1778 - Mapa de La Nueva Andalucía - Provincias de Cumaná y Guyana
1778 – Mapa de La Nueva Andalucía – Provincias de Cumaná y Guyana – on this map Guyana area was part of Spain. Province of Guyana located within The New Andalucía .

 

Map Guiana 1896 - With probable boundaries - And boundary lines of area claimed by others 1
Map Guiana 1896 – With probable boundaries – And boundary lines of area claimed by others 1

 

Map Guiana 1896 - With probable boundaries - And boundary lines of area claimed by others 2
Map Guiana 1896 – With probable boundaries – And boundary lines of area claimed by others 2

A) https://en.m.wikipedia.org/wiki/Robert_Hermann_Schomburgk

B) A Description of British Guiana, Geographical and Statistical, Exhibiting its Resources and Capabilities, Together with the Present and Future Condition and Prospects of the Colony
Geographical, Statistical
Auteur: Sir Robert Hermann Schomburgk

11) British Guyana – History – Wikipedia

https://en.m.wikipedia.org/wiki/British_Guiana

https://en.m.wikipedia.org/wiki/British_Guiana

The first European to discover Guiana was Sir Walter Raleigh, an English explorer. The Dutch were the first Europeans to settle there, starting in the early 17th century, when they founded the colonies of Essequibo and Berbice, adding Demerara in the mid-18th century. In 1796, Great Britain took over these three colonies during hostilities with the French, who had occupied the Netherlands. Britain returned control to the Batavian Republic in 1802, but captured the colonies a year later during the Napoleonic Wars. The colonies were officially ceded to the United Kingdom in 1814, and consolidated into a single colony in 1831. The colony’s capital was at Georgetown (known as Stabroek prior to 1812).

The English made at least two unsuccessful attempts in the 17th century to colonise the lands that would later be known as British Guiana, at which time the Dutch had established two colonies in the area: Essequibo, administered by the Dutch West India Company, and Berbice, administered by the Berbice Association. The Dutch West India Company founded a third colony, Demerara, in the mid-18th century. During the French Revolutionary Wars of the late 18th century, when the Netherlands were occupied by the French, and Great Britain and France were at war, Britain took over the colony in 1796. A British expeditionary force was dispatched from its colony of Barbados to seize the colonies from the French-dominated Batavian Republic. The colonies surrendered without a struggle. Initially very little changed, as the British agreed to allow the long-established laws of the colonies to remain in force.

In 1802 Britain returned the colonies to the Batavian Republic under the terms of the Treaty of Amiens. But, after resuming hostilities with France in the Napoleonic Wars in 1803, Britain seized the colonies again less than a year later. The three colonies were officially ceded to the United Kingdom in the Anglo-Dutch Treaty of 1814. The UK continued separate administration of the individual colonies until 1822, when the administration of Essequibo and Demerara was combined. In 1831, the administration Essequibo-Demerara and Berbice was combined, and the united colony became known as British Guiana.

12) Anglo-Dutch Treaty of 1814

https://en.m.wikipedia.org/wiki/Anglo-Dutch_Treaty_of_1814

The Anglo–Dutch Treaty of 1814 (also known as the Convention of London) was a treaty signed between the United Kingdom of Great Britain and Ireland and the Sovereign Principality of the United Netherlands in London on 13 August 1814. It was signed by Robert Stewart, Viscount Castlereagh for the British and Hendrik Fagel for the Dutch.

The treaty returned the colonial possessions of the Dutch as they were at 1 January 1803 before the outbreak of the Napoleonic Wars, in the Americas, Africa, and Asia with the exceptions of the Cape of Good Hope and the South American settlements of Demerara, Essequibo and Berbice (later consolidated as British Guiana), where the Dutch retained trading rights.

In addition, the British ceded the island of Banca off the island of Sumatra in exchange for the settlement of Cochin in India and its dependencies on the coast of Malabar. The Dutch also ceded the district of Bernagore, situated close to Calcutta, in exchange for an annual fee.

The treaty also noted a declaration of 15 June 1814 by the Dutch, that ships for the slave trade were no longer permitted in British ports and it agreed that this restriction would be extended to a ban on involvement in the slave trade by Dutch citizens. Britain also agreed to pay £1,000,000 to Sweden to resolve a claim to the Caribbean island of Guadeloupe (see Guadeloupe Fund). The British and the Dutch agreed to spend £2,000,000 each on improving the defences of the Low Countries. More funds, of up to £3,000,000, are mentioned for the “final and satisfactory settlement of the Low Countries in union with Holland.”

Disputes arising from this treaty were the subject of the Anglo–Dutch Treaty of 1824.

13) Chronology of events – http://agriculture.gov.gy/wp-content/uploads/2015/12/1-2-files-merged-new.pdf
http://agriculture.gov.gy/wp-content/uploads/2015/12/1-2-files-merged-new.pdf
14) 25 Successive maps of Guiana from 1595 to 1898:

http://www.britishempire.co.uk/maproom/britishguiana.htm

http://www.britishempire.co.uk/maproom/britishguiana.htm

15) https://www.linkedin.com/pulse/el-petróleo-en-la-controversia-territorial-por-gamero-lanz/
16) The Venezuela-British Guiana Boundary Arbitration of 1899 – by Clifton J. Child – The American Journal of International Law Vol. 44, No. 4 (Oct., 1950), pp. 682-693.

http://16) The Venezuela-British Guiana Boundary Arbitration of 1899 – by Clifton J. Child – The American Journal of International Law Vol. 44, No. 4 (Oct., 1950), pp. 682-693.

Following is what Mr. Mallet-Prevost and General Harrison (President of the United States, 1888-1892; grandson of President William Henry Harrison), both negotiators and Harrison senior Counsel for Venezuela declared to Reuter, immediately after the award was announced on Oct. 3, 1899.

(Re. Clifton J. Child, The American Journal of International Law Vol. 44, No. 4 (Oct., 1950), pp. 682-693 – The Venezuela-British Guiana Boundary Arbitration of 1899).

” So long as arbitration was to be conducted on such principles it could not be regarded a success, at least by those who believed that arbitration would result in an admission of legal rights and not in compromises really diplomatic in their character “.

V-B Boundary Arbitration 1899
V-B Boundary Arbitration 1899

 

 

 

 

 

 

 

 

 

 

24. Guyana – Legal challenge campaigners against 3 oil giants

24. Guyanese campaigners mount legal challenge against three oil giants
Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government

A)

Sandra Laville
Thu 22 Mar 2018 11.48 GMT

Three major oil companies preparing to drill off the shores of Guyana, where a string of discoveries have sparked a rush for crude, are being challenged by a group of citizens who say their dash for oil is illegal.

Lawyers acting for the Guyanese campaigners are to lodge the latest challenge in a court in Guyana this week. They are funding the battle against oil giants Exxon Mobil, Hess Corporation and Nexen, a subsidiary of Chinese national oil, through the crowdfunding site CrowdJustice.

Offshore drilling off the coast of Guyana is seen as one of the most sought-after prospects in the world for oil companies. Analysts predict offshore drilling could provide 350,000 to 400,000 barrels a day by 2026, while Exxon has predicted 500,000 barrels a day.

But concerned citizens of the small South American country, which has never been an oil producer, are challenging the oil giants.

Melinda Janki, one of the lawyers representing the Guyanese campaigners, said the granting of licences to drill by the government was illegal. Under Guyanese law, a licence to drill can only be granted if an environmental permit has been obtained by the company involved.

“It is very simple. If you want to extract oil in Guyana you need an environmental permit in order to get a petroleum production licence,” she said. “Only one of the three companies involved has an environmental permit. We are seeking an order to quash the decision by the minister to issue the licence because, we are saying, he acted illegally.”

Janki lodged an appeal earlier this month after the first attempt to quash the granting of the licences was rejected by a judge.

Ramon Gaskin of A Fair Deal for Guyana campaign said: “In my opinion the government has sold off Guyana’s oil without a care for the environment, without a care for the people, without a care for fishermen and others who stand to lose everything from a spill, without a care for Guyana’s marine environment which could be totally destroyed, without a care for future generations who might inherit nothing but an oil slick, and without any understanding whatsoever of the dangers of climate change. People also have to understand that an oil spill or a well blow-out could harm our Caribbean neighbours and Guyana could be liable for that damage.”

The oil companies oppose the legal claim.

Reblogged & full credit from:

https://www.theguardian.com/environment/2018/mar/22/guyanese-campaigners-mount-legal-challenge-against-three-oil-giants

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

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B) On Mrs. Melinda Janki, one of the lawyers representing the Guyanese campaigners and on Ramon Gaskin:

Ramon Gaskin launches new political group

 

https://www.thenatureofcities.com/author/melindajanki/

http://cmsdata.iucn.org/downloads/m__janki_1.pdf

 

 

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

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23. Guyana – ENI interest

23. Italian supermajor expresses interest in drilling offshore Guyana
Mar 26, 2018 Government, Ministry of Natural Resources, News

A) http://dpi.gov.gy/italian-supermajor-expresses-interest-in-drilling-offshore-guyana/

An Italian oil and gas exploration company could be the “new kid on the block”, if the Government of Guyana gives its go-ahead, for it to carry out exploration offshore Guyana.

Minster of Natural Resources, Raphael Trotman with officials from Italian oil company ENI.

ENI is a multinational oil and gas company headquartered in Rome. It is considered one of the world’s largest publicly owned oil and gas companies, also known as supermajor. It operates in 79 countries and is currently the world’s eleventh largest industrial company with a market capitalisation of 68 billion euros.

Earlier today, Minister of Natural Resources, Raphael Trotman met the company’s Senior Vice President, Guido Zappala and his team at the Natural Resources Ministry, where he received a packaged plan of action from the company’s representatives.

Speaking to the Department of Public Information (DPI) today, minutes after the meeting, Minister Trotman said the oil company had, since last year, expressed its interest to the government.

“So, we had a long discussion with them about their practices elsewhere, what they are looking for. And obviously Guyana’s basin has become attractive and they have assured us that they are not worried about the current issue between Guyana and Venezuela. They are prepared to pursue and should there be any cause for concern they will manage.”

According to Minister Trotman, ENI, which is partly owned by the Italian government, has an excellent track record in terms of safety and good environmental practices. The company he said, has been lending its support to other countries, helping to develop their renewable energy capacity.

“Thirty percent of the shares is owned by the government. So, you actually have a company that is undergirded by the government and is a main driver of the economy of Italy,” he said.

His next move, he said, will be to prepare a report to present to President David Granger for his consideration.

The company has suggested another meeting in the next two weeks.

By: Alexis Rodney

B) ENI’s 2018 – 2021 Strategy

https://www.eni.com/en_IT/investors/strategy/strategic-plan-2018-2021.page

C) ENI 2017 results:

https://www.eni.com/docs/en_IT/enicom/media/press-release/2018/02/eni-fourth-quarter-2017-results-ceo-claudio-descalzi-comments-results.pdf

39 pages.

ENI 2017 results
ENI 2017 results

D) Orinduik Block Reserves

Eco - Reserves - 9/2018
Eco – Reserves – 9/2018

 

 

 

 

 

 

 

 

 

 

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

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22. Guyana – Gas – Reinjection and electricity generation onshore.

Contents:

1) Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack – 9/3/2018.

2) Exxon, Guyana look at bringing gas ashore to generate electricity – B.Wilkinson – 20/9/2017.

1) Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack;

Reblogged, credit and map from:
By Oil Now – March 9, 2018.

As more oil discoveries continue to be made offshore the South American country of Guyana the commercialization of gas will become a bigger challenge.

Analyst Wood Mackenzie says lack of infrastructure and a visible marketization plan for commercializing gas which inadvertently accompanies the crude – of which 3.2 billion recoverable barrels have so far been found – means reinjection is the likely scenario in the foreseeable future.

Elena Nikolova
“As discoveries grow, so does the importance of the question on how gas will be evacuated from the field. And for now we assume that no gas makes it to market; it’s either use for reinjection or infield use given the lack of infrastructure or visibility on marketization plans,” says Elena Nikolova, Latin America Upstream Analyst.

Ms. Nikolova says there is potential for more significant oil discoveries in Guyana which would add to the volume already discovered at Stabroek Block, and in so doing, also increase the volume of natural gas.

ExxonMobil Guyana Commercial Manager, Peter Dillon, told a private sector forum on

Peter Dillon
Tuesday that the primary use of natural gas from the fields at this time would be for reinjection into the reservoirs to maximize crude production. However, he said the oil company recognizes the importance of natural gas to the Guyanese economy and as such is in discussions to see if limited volumes of associated natural gas can be commercialized from Liza Phase 1.

Oil production from the Liza Phase 1 development is set to get underway by March of 2020. Already plans are underway for a Liza Phase 2 in 2022 and a third development at the Payara/Pacora fields by 2023.

2) Exxon, Guyana look at bringing gas ashore to generate electricity

Exxon, Guyana look at bringing gas ashore to generate electricity

Reblogged and credit:

By Bert Wilkinson – Caribbean Life News- NY

Oil rigs and production
United States oil giant ExxonMobil and Guyanese authorities this week started two days of talks to determine whether it is feasible to run a 100-mile plus undersea pipeline bringing natural gas from its offshore wells to generate power for the Guyana Power and Light Corporation, the main state utility.

Spokeswoman Kimberly Brasington said Exxon has flown in a special team of specialists from headquarters in Texas to crunch numbers with officials in the country which is anxious to reduce dependency on fossil fuels for power generation.

“Yes we are starting the conversation on how it can be done and whether it should be done. If it is done, it will bring down the cost of power generation and it is cleaner,” Brasington said.

ExxonMobil had back in 2015 declared “a world class” oil and gas find off the Guyana coast and has already drilled eight of 17 wells it plans for the first phase of operations. Actual production is expected to begin in late 2019 or early 2020 with an estimated daily tally of more than 100,000 barrels/day and quickly expanding to 400,000 barrels/day. At that rate, Guyana will easily surpass Trinidad at 70,000 making it not only the latest country in the region to produce oil and gas but the largest.

The find has sent the country, which doubles as the headquarters of the 15-nation Caribbean single trading bloc of nations, into a tailspin as it rushes to prepare for transformation from centuries of dependence on gold, sugar, bauxite, rice and timber to one dominated by oil and gas.

Dozens of oil companies have applied for blocks, while the larger ones like Repsol of Spain and Tullow Oil of the United Kingdom are already preparing to begin exploratory works near Exxon’s Stabroek Block.

Brasington said the teams will study the possibility of running undersea pipelines from a floating production, storage and offloading facility the company is constructing to move crude oil from its wells, about 120 miles offshore Guyana.

Guyana says it spends $100M annually to import fuel to power generators and wants the gas Exxon will find while pumping oil to be brought ashore for domestic and commercial purposes.

“As the first of such sessions, the government of Guyana looks forward to furthering its understanding of the technical and key dynamics of proposed projects in an effort to diversify the energy mix in Guyana,” Minister of Public Infrastructure David Patterson,” said.

September 20, 2017 – Caribbean Life News- NY

”  All-in-1 Consultant,  Available-to-Serve-You.

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21. Would Venezuela invade Guyana?

Inserted on 26 December 2018: Venezuela-invades-Guyana.

https://guyaneseonline.net/2018/12/26/venezuela-invades-guyana-to-block-exxon-mobil-oil-exploration-frances-martel-breitbart/#more-71524

This post is from 28 february 2018

Comment and important observation, as an independant petroleum consultant and observer.

Suriname represents at this moment the lowest political risk country for petroleum exploration in the very prospective Guyana Basin.

This because of the following 3 crucial petroleum industry investment aspects.

They have a proactive attitude for promoting petroleum exploration and attracting IOC’s since 3 decades.

Suriname has already settled and defined all its territorial and offshore boundaries with neighbouring countries. So no conflict possible on this important political theme for IOC’s.

Also the legal status of the Fiscal Stability Clauses and other commitments made to IOC’s in their PSC’s with Staatsolie is saveguarded, as a draft state decree has been recently approved.

French Guyana, France, president Macron, has banned petroleum exploration. Important discoveries of Tullow Oil and Shell are therefore stranded. And represent probably some hundreds of millions US$ of lost exploration money.

Guyana is extremely successful, with already ten grand discoveries of ExxonMobil (at dec. 2018). Really a fabulous exploration and drilling job by ExxonMobil.

Guyana is definitely entering a booming petroleum and economic cycle (…assuming, absence of the terrible Oil Curse and the Dutch Disease. That as a mere cold fact, up to now, unfortunately, generally affect most non-highly-developed oil rich countries).

But, but, but, Guyana does have a severe legal land dispute with Venezuela on the area west of Essequibo river (ca. 159,500 km2, more that half of present day Guyana territory; since 1841,1895-1899 Land Dispute).

To be ” resolved ” (and who knows redefined ??) by the ICJ in The Hague.

For example, just hypothetical at this stage (2018).

What if the western Guyana / eastern Venezuela territorial land and thus also offshore boundaries were to be adapted and/or changed by the ICJ ruling (takes on average 6 years for a ruling).

To whom would all the petroleum already discovered, produced or to-be-discovered belong, on the then resultant final offshore map ??

Explorationist, oil investor, faites vos jeux, success.

And, If for geo-strategic bargaining reasons? Yes, what if ??

21. Would Venezuela invade Guyana ?

Re: my Linkedin post of 25 februari 2017

Explorer? Yes. What if?? Consequences.

1) “Any Venezuelan military action against Guyana comes with major implications for foreign energy companies already doing business there. ExxonMobil, for example, is planning to continue oil exploration drilling off Guyana’s coast in 2018, and other private companies own stakes in offshore blocks. Naval activity by Venezuela or the United States would disrupt business plans and increase the risk to personnel from oil companies with current or future operations in Guyana or neighboring Trinidad and Tobago.”

2) “Indagado sobre o contencioso entre a Venezuela e a Guiana, na questão de Essequibo, objeto de disputa entre os dois países, o ministro Raul Jungmann declarou: “O dissenso do Essequibo diz respeito à Venezuela e à Guiana, mas o Brasil, que possui uma das maiores fronteiras do mundo, construiu seus limites sempre por vias diplomáticas, ou recorrendo ao arbitramento, deixa sua história como um legado de que a solução pacífica para os litígios de fronteiras é fundamental para a estabilidade da região”. Jungmann acrescentou: “Não se pode admitir, portanto, para o equilíbrio da região, qualquer saída pela força”. FONTE: Ministério da Defesa – www.forte.jor.br.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

A) Credit & reblogged from: https://worldview.stratfor.com/article/would-venezuela-invade-guyana –  Feb 8, 2018 | 20:54 GMT

Would Venezuela Invade Guyana?
According to an unconfirmed report, a Brazilian government delegation plans to meet with Guyana and Suriname about a possible Venezuelan military incursion into Guyana.
For Venezuela, entering Guyanese territory could delay an International Court of Justice border ruling and even grant Caracas a bargaining chip in amnesty negotiations with the United States.
The incursion would come with great risks for Caracas, as it may invite a harsh response from Washington.
A Brazilian delegation’s quick trip to Guyana and Suriname suggests things are moving beneath the surface of the border dispute between Venezuela and Guyana. On Feb. 7, Brazilian President Michel Temer approved a trip by Defense Minister Raul Jungmann, Justice Minister Torquato Jardim and Institutional Security Cabinet Chief Sergio Etchegoyen to Guyana and Suriname. According to Agencia Estado, the visit’s purpose is to discuss border security with the Guyanese and Surinamese governments. However, an unconfirmed report in Brazilian paper O Antagonista claimed the real reason behind the visit was to share information that Brazil’s intelligence services had learned about Venezuela considering a military incursion into Guyana.

Venezuela has claimed ownership over the Guyanese territory west of the Essequibo River since 1962. But recently, the U.N. Secretary General referred the border dispute issue to the International Court of Justice, which may issue a binding decision on the matter within the next several years. According to the O Antagonista report, Brazil’s information claims that the Venezuelan government is considering siezing that territory. On Feb. 8, the Brazilian ministers visited their country’s Roraima state, an area bordering Guyana and Venezuela that has seen tens of thousands of Venezuelan refugees pour across the border in recent months as unrest in the country grows.

Much to Lose, Much to Gain
It may seem as though an incursion into Guyana would only further erode the country’s current situation. And right now, O Antagonista is the only open source outlet reporting the alleged Venezuelan plan to enter Guyana militarily. Caracas is under increasing economic pressure at home, as hyperinflation accelerates by the day and the United States threatens sanctions that will choke off Venezuela’s economic lifeline to U.S. Gulf Coast refineries. Seizing even a small part of territory west of the Essequibo River would draw U.S. attention toward Venezuela’s economic crisis and its slide into dictatorship, increasing the likelihood that Washington will employ heavier sanctions or intervene more directly.

But there are a number of political considerations that may motivate Caracas to make a move. In the short term, the incursion could help Caracas in its ongoing dialogue with the Trump administration over the terms of President Nicolas Maduro and his party’s departure from power. The Venezuelan president won’t leave power — or even loosen his party’s grip over the opposition — unless he has assurances from Washington that he and his acolytes will receive some form of amnesty. And seizing and holding Guyanese territory might offer Caracas a bargaining chip, allowing it to wrangle a better amnesty deal in exchange for a troop withdrawal.

In the long run, holding Guyanese territory could offer Venezuela a way to delay the International Court of Justice’s ruling about the border dispute. After all, the court may hold off on a ruling if Venezuelan troops are present in Guyanese territory. Moreover, the Maduro government may be counting on the incursion to pump up nationalism among Venezuelans. By directing attention outside its borders, the government could be able to buy time before organized domestic unrest gain critical mass, or even forestall any possible military coup attempt by moving units far from the capital.

Envisioning the Incursion
If a military incursion does happen, the majority of Venezuela’s armed forces would likely enter Guyanese territory by helicopter. Some troops may enter by ground, but they would be limited by the dense jungles and lack of roads in the region. Similarly, moving naval forces along Guyana’s coast would be difficult given Venezuela’s limited naval capabilities. But the Venezuelan military does have aerial superiority over the Guyanese, as well as plenty of members of the National Guard and regular armed forces already situated in the eastern part of the country. Guyana, on the other hand, has extremely limited armed forces, which it would struggle to transport to its western border. Ultimately, it would be relatively easy for Venezuela to deploy just a few hundred troops into Guyana to seize limited points such as villages, bridges, or roads throughout the country.

In addition to the logistical challenges Venezuela would face — such as getting enough food rations for its armed forces — there is also the political risk for Caracas that the United States would respond harshly to an incursion into Guyana. So far, Washington has chosen to slowly and selectively raise pressure on Venezuela’s government through escalating sanctions. But Venezuela’s forceful seizure of the land west of the Essequibo River — even if it is disputed — would spark major debate within the White House. The Trump administration would have to either let Venezuela keep land that it could use as leverage, or act against the country in some way. Right now, the United States has a range of options to pressure Venezuela and may choose to implement much heavier economic sanctions. But it may eventually have to contemplate military actions, though a wider conflict with the Venezuelan armed forces would be difficult for Washington as it faces other foreign policy crises across the world.

Any Venezuelan military action against Guyana comes with major implications for foreign energy companies already doing business there. ExxonMobil, for example, is planning to continue oil exploration drilling off Guyana’s coast in 2018, and other private companies own stakes in offshore blocks. Naval activity by Venezuela or the United States would disrupt business plans and increase the risk to personnel from oil companies with current or future operations in Guyana or neighboring Trinidad and Tobago.

Right now, the rumors surrounding the Brazilian delegation’s sudden trip to Guyana and Suriname are just that — rumors. But although it would come with major risk, there is logic behind a Venezuelan incursion into Guyanese territory, and many eyes will likely be trained on the region west of the Essequibo River in the coming months.

B) Brasil has stated that it only accepts a peaceful solution as the largest country in South America with boundaries with Venezuela and Guyana. For the stability of the region.

Brasil só aceita saída pacífica para disputa entre Venezuela e Guiana, diz Jungmann – 10 de Fevereiro de 2018 7492 153 – 

Reference – reblogged from:  http://www.forte.jor.br/2018/02/10/brasil-so-aceita-saida-pacifica-para-disputa-entre-venezuela-e-guiana-diz-jungmann/

Georgetown (Guiana), 09/02/2018 – Em missão oficial à região norte da América do Sul, o ministro da Defesa, Raul Jungmann, acompanhado dos ministros da Justiça, Torquato Jardim, e do Gabinete de Segurança Institucional, Sérgio Etchegoyen, estabeleceu acordos de cooperação com a Guiana para combate aos crimes transnacionais.

Os compromissos abrangem parcerias no enfrentamento aos crimes de tráfico de drogas, de armas, pessoas, contrabando e descaminho.

Este encontro é a continuidade de uma série de reuniões bilaterais realizadas com todos os países da América do Sul, com exceção da Venezuela, cujo ministro da Defesa não respondeu a um convite feito há mais de dois meses por seu contraparte brasileiro.

Na oportunidade pautas como crimes cibernéticos, terrorismo, capacitação militar, troca de informações, atuação conjunta nas fronteiras e parceria nos sistemas de vigilância e monitoramento Sisfron e Sivam foram discutidas.

Indagado sobre o contencioso entre a Venezuela e a Guiana, na questão de Essequibo, objeto de disputa entre os dois países, o ministro Raul Jungmann declarou:

“O dissenso do Essequibo diz respeito à Venezuela e à Guiana, mas o Brasil, que possui uma das maiores fronteiras do mundo, construiu seus limites sempre por vias diplomáticas, ou recorrendo ao arbitramento, deixa sua história como um legado de que a solução pacífica para os litígios de fronteiras é fundamental para a estabilidade da região”.

Jungmann acrescentou: “Não se pode admitir, portanto, para o equilíbrio da região, qualquer saída pela força. O Brasil não aceita essa possibilidade e isso vale não só para esse dissenso, como para qualquer outro, pois esse é um princípio constitucional de nosso País”, disse o ministro.

50 anos de cooperação

Em cerimônia realizada em Baribi Benad,State House, o ministro da Defesa, Raul Jungmann, recebeu a medalha Coroa do Cacique, honraria concedida pelo presidente David Granger pelo reconhecimento da Guiana ao compromisso do Ministério com a nação, com leis e tratados já definidos.

O presidente Granger destacou, durante seu discurso, que a visita da comitiva brasileira marcou o início das comemorações dos 50 anos de cooperação entre os dois países.

FONTE: Ministério da Defesa

C) Refererence, reblogged from University Durham, IBRU, Centre for Borders Research.

UN refers Guyana-Venezuela border dispute to the ICJ
(31 January 2018)

United Nations Secretary-General, António Guterres has recommended that the Guyana – Venezuela border dispute be referred to the International Court of Justice (ICJ) after a year of talks failed to make progress.

UN representative Dag Halvor Nylander from Norway had been appointed by the UN to help broker a settlement by the end of 2017, however it was concluded that significant progress had not been made towards arriving at a full agreement for the resolution of the dispute.

The century long border dispute escalated in May 2015 when oil was found in disputed waters off the coast of Venezuela.

Guyana’s foreign ministry said it welcomed the decision, stating that the ICJ is the “appropriate forum for the peaceful and definitive settlement of the controversy, and is pleased that that view has prevailed under the process.”

Sources:

http://www.straitstimes.com/world/americas/un-refers-guyana-venezuela-border-dispute-to-icj

https://demerarawaves.com/2018/01/30/un-secretary-general-sends-guyana-venezuela-border-controversy-to-world-court/

20. ExxonMobil 7, 8, 9, 10th oil discovery offshore Guyana

ExxonMobil
ExxonMobil
ExxonMobil 8 Discoveries @ June 2018
ExxonMobil 8 Discoveries @ June 2018

20. Discovery nr. 10, 3th December 2018

The Pluma-1 well encountered approximately 121 feet (37 meters) of high-quality hydrocarbon-bearing sandstone reservoir. Pluma-1 reached a depth of 16,447 feet (5,013 meters) in 3,340 feet (1,018 meters) of water. The Noble Tom Madden drillship began drilling on Nov. 1. The well is located approximately 17 miles (27 kilometers) south of the Turbot-1 well. The Noble Tom Madden will next drill the Tilapia-1 prospect located 3.4 miles (5.5 kilometers) west of the Longtail-1 well.

ExxonMobil makes 8th oil discovery offshore Guyana – Longtail 1- 20th June, 2018

http://news.exxonmobil.com/press-release/exxonmobil-announces-eighth-discovery-offshore-guyana

ExxonMobil makes 7th oil discovery offshore Guyana

United States (US) oil giant, ExxonMobil, has found even more oil offshore Guyana but a company spokesman would not be drawn into comment about the amount found.

Spokeswoman, Kimberley Brasington confirmed an announcement earlier Tuesday by Minister of Natural Resources that there has been another major oil find.   

She said the Pacora-1 Well, where the latest oil deposit has been found, is located about four kilometers north-west of Payara well and the rock. The well, saw the discovery of approximately 65 ft of oil-bearing sandstone reservoir that is expected to bring Guyana production to more than 500,000 B/D.

Last month, the company said the Ranger 1 well which contains 230 feet (70 meters) of high-quality, oil-bearing carbonate reservoir. The well was drilled to 21,161 ft depth in 8,973 ft of water. Appraisal drilling at the Ranger discovery may take place later this year 2018.

Barring Wednesday morning’s scheduled announcement of the details of Pacora, the company said it has so far found 3.2 billion barrels of oil from six wells at the 6.6 million acre Stabroek Block.

Stena Carron

The Minister of Natural Resources labelled as an “excellent record” the work of the drill-ship, Stena Carron. “We so far have an excellent record and I would like to congratulate the crew of the Stena Carron which has been the ship that has done ninety percent of the discoveries without a day lost or any injury or any man-hours lost and that is commendable and, of course,  it has been done in a very efficient way,” Trotman said in a video release.

ExxonMobil is scheduled to begin commercial oil production from the Liza 1 well offshore Guyana in 2020.

Reference; reblogged from:

https://guyaneseonline.wordpress.com/2018/02/28/exxonmobil-makes-7th-oil-discovery-offshore-guyana/

2) Feb 28, 2018 – 08:00 a.m. EST

ExxonMobil Announces Seventh Oil Discovery Offshore Guyana
Pacora-1 well encounters approximately 65 feet of high-quality, oil-bearing sandstone
High quality resources to be integrated into giant Payara field development
Further drilling on the Stabroek Block planned in 2018
Dateline: IRVING, Texas

Public Company Information:
Exxon Mobil Corporation (NYSE:XOM) announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. Drilling commenced on Jan. 29, 2018.

“This latest discovery further increases our confidence in developing this key area of the Stabroek Block,” said Steve Greenlee, president of ExxonMobil Exploration Company. “Pacora will be developed in conjunction with the giant Payara field, and along with other phases, will help bring Guyana production to more than 500,000 barrels per day.”

The Pacora-1 well is located approximately four miles west of the Payara-1 well, and follows previous discoveries on the Stabroek Block at Liza, Payara, Liza Deep, Snoek, Turbot and Ranger.

Following completion of the Pacora-1 well, the Stena Carron drillship will move to the Liza field to drill the Liza-5 well and complete a well test, which will be used to assess concepts for the Payara development. ExxonMobil announced project sanctioning for the Liza phase one development in June 2017. Following Liza-5, the Stena Carron will conduct additional exploration and appraisal drilling on the block.

The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

 

19. Guyana. Concerns about ExxonMobil Deal

ExxonMobil
ExxonMobil

19. Guyana. Concerns about ExxonMobil Deal. V.210817

Guyana
Guyana

Contents (4)

1. FYI, related 12 posts are nr. 6, 7, 8, 10, 11, 12, 13, 14, 15, 16, 17, 18. from Marcel Chin-A-Lien

2. Agreement with ExxonMobil…“Matters not if Guyana secured a good or bad deal, we got a deal…time to move on” – Minister            Jordan

3. Guidelines to Acquiring Petroleum Prospecting and Production Licenses – Fiscal Package – www.ggmc.gov.gy – 15/8/2017

4. Guyana armed with world’s leading financial and petroleum experts
Aug 17, 2017 News 0 Comments –

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

1. FYI, related other 12 posts are nr. 6, 7, 8, 10, 11, 12, 13, 14, 15, 16, 17, 18. from Marcel Chin-A-Lien

2) Agreement with ExxonMobil…“Matters not if Guyana secured a good or bad deal, we got a deal…time to move on” – Minister Jordan

Aug 15, 2017 News 0 Comments – Re-blogged from kaieteurnewsonline.com – By Abena Rockcliffe-Campbell

Finance Winston Jordan wants Guyana to start looking ahead. He said that it makes no sense

(Photo: Minister of Finance, Winston Jordan).

continuing to waste time lamenting on whether or not Guyana may have received a good or bad deal. The Minister said that what is now important is for Guyanese to look to the future with hope for development.

Jordan hosted a press conference yesterday at his Main Street Office. At that forum, he was asked if he was happy with the deal Guyana has secured with oil giant ExxonMobil.

Jordan refused to answer the question in the simple negative or affirmative. He took a different route. The Minister told reporters, “It is not for me to be happy or unhappy.”

Jordan said that once Cabinet approves a document, all members have a collective responsibility. “If you do not like something (a Cabinet decision) and you are passionate about it, you have the option to resign. It (the agreement) has been discussed, received and approved by Cabinet. We have gone beyond that.”

The Finance Minister took the opportunity to note that there have been tremendous attempts at oil exploration in Guyana. He even referred to a time in Guyana’s history when oil was reportedly found in Takutu. The Minister said that the announcement back then about an oil find sparked much celebration. However, a few days later there was another announcement that the oil found was not commercially viable.

Cartoon Kaieteurnewsonline - August 15, 2017 - MCAL
Cartoon Kaieteurnewsonline – August 15, 2017 – MCAL

Further, Jordan sought to point out that ExxonMobil had no easy task in accessing Guyana’s oil.

The Minister noted that “ the depth of water that ExxonMobil is currently drilling in is unheard of. So they had to have specific types of technology not known to too many ”.

Jordan also made note of the level of financing that has to be available to ExxonMobil for it to carry out drilling of that magnitude. “And, I believe the further out they go will be more depth which will require even more technology.”

Jordan said that the deepest ExxonMobil ever drilled before is said to be in the Gulf of Mexico and that is nothing in comparison to the depth at which it has gone offshore Guyana.

Jordan went on to state that APNU+AFC did not have full control over what kind of deal Guyana secured. He said that the current government did not renegotiate the contract.

“ With all this issue about good deal and so on, you are making an assumption that we renegotiated the contract. That contract was already in place, we inherited that contract,” said Jordan.

The Minister summed up his discussion on the matter by saying it is time Guyanese look to the future and hope for the best. He said, “We can talk till cow come home but in going forward, we can say that discoveries not covered by this contract we have a basis to drive a harder bargain and negotiate for more. But when people are going to go (that length) it’s a risk and private people look for reward.”

Minister Jordan gave an analogy of the situation at hand. He said that someone can choose to stand up in a gambling den and look on all night. However, Jordan said that at the end of the night that person will be no richer or poorer. “But if I go with the big boys or girls and put my millions, at the end of the night I can be x millions poorer or y millions richer, it is about the risk.”

The Minister continued, “When you put all together it is not whether we got a good deal or bad deal or whatever… we got a deal.” Using another gambling metaphor, Jordan said that “hindsight will always be 20/20, but at the time you are making a deal it depends on what cards you hold and what the other person holds. If you think you have the best hand, then you can drive the bargain. At the time when this deal was put together by the last government you have to ask what cards did we hold? Did we know anything was under there?

Jordan said that while the deal has already been made, Guyana still has a chance to experience real growth.

He said, “We can discuss this over and over, but I believe the positive that you can take away is that we now have resources coming to Guyana that can finally put Guyana on the path to sustained high end development where two percent and three can become things of the past.”

The Minister noted, “It depends on how well we use these resources.”

3) Guidelines to Acquiring Petroleum Prospecting and Production Licenses – Fiscal Package – www.ggmc.gov.gy – 15/8/2017

Guyana - Guidelines for applying for an E&P license 1 - MCAL

Guyana – Guidelines To Acquiring Petroleum Prospecting and Production Licenses 1 – MCAL

Guyana - Guidelines for applying for an E&P license 2 - MCAL
Guyana – Guidelines To Acquiring Petroleum Prospecting and Production Licenses 2 – Fiscal Package – Procedures – MCAL

Important note:Not updated as per August 15, 2017, on www.ggmc.gov.gy of Guyana:

” Procedures for Petroleum Production License:Guyana has NO (???) commercial discovery for which such a license apply…..etc”.

4) Guyana armed with world’s leading financial and petroleum experts

Aug 17, 2017 News 0 Comments – Reblogged from: www.kaieteurnewsonline.com

…Trotman says advice being received on spotting loopholes

“We are being advised in terms of possible loopholes, pitfalls, areas of concern. We can’t say that we have detected or discerned any sign of the company trying to hoodwink us, but we are not going to be naïve. We are going to be prepared….”
– Minister of Natural Resources

By: Kiana Wilburg
It will be highly unlikely for USA oil giant, ExxonMobil to manipulate its books to rob the nation

(Photo: Minister of Natural Resources, Raphael Trotman)

of what is due to it, without being detected.

In fact, Minister of Natural Resources, Raphael Trotman is confident that the Government and its relevant agencies will be able to keep this multi-billion dollar and multinational company in check.

Trotman recently told Kaieteur News that Guyana is armed with some of the world’s leading financial and petroleum experts.
The politician said that Guyana is receiving expert advice from the World Bank, the International Monetary Fund (IMF), the United Nations Development Fund (UNDP), Chatham House, the United States Government and even the Mexican Government.
Trotman said, “The point I am making is that we have some of the world’s leading financial and petroleum experts advising us. And so while we are not going to say we have seen no evidence of manipulation or attempts to manipulate, the government is relying on the very best international advice and expertise.”

The Natural Resources Minister also revealed that the Government is consulting with Experts from Deloitte which happens to be one of the top financial companies in the world. He said that Deloitte officials are consulting with the Ministry of Finance.
Trotman therefore feels that Guyana being fleeced by ExxonMobil is highly unlikely.

Trotman also stated that the World Bank, the Inter-American Development Bank (IDB) and the IMF are expected to formulate a programme which will support those agencies in providing further advice to Guyana.

“We have met with their technical people and it has been determined that they will work out a shared responsibility in terms of advising us. We know that there are concerns and pitfalls but we are working…and as I said, we are not relying on our own judgment and understanding. We are learning and we are not leaving everything in the hands of the foreign consultants.

“But we are being advised in terms of possible loopholes, pitfalls, areas of concern. We can’t say that we have detected or discerned any sign of the company trying to hoodwink us, but we are not going to be naïve. We are going to be prepared.”
Trotman believes that the most important thing for the Government is to satisfy the Guyanese people that they are getting value for money.

EXXONMOBIL’S WORRYING PAST
This oil and gas superpower has faced a wave of litigation regarding the underpayment of royalties.
In the case of Chad, ExxonMobil was fined US$74 billion as it was ruled in the courts that the nation was underpaid in the royalties it was entitled to from the oil giant.

Research indicates that the fine itself is about five times more than Chad’s Gross Domestic Product, which the World Bank estimates at US$13 billion.
The fine imposed against the company was handed down October 5, last by the High Court in the capital, N’Djamena. The ruling was in reaction to a protest from the Finance Ministry in Chad that a group led by the ExxonMobil giant did not honour its tax commitments.

According to www.bloomberg.com, the court also demanded that the Texas-based oil explorer pay US$819 million in overdue royalties.
Legal minds believe that Chad would not see most of the money as ordered by the court.
ExxonMobil has since said that it disagreed with the Chadian court’s ruling. At the time of the judgment, it was examining other options.

Additionally, in 2003, ExxonMobil was found to be defrauding the state of Alabama out of royalty payments and was ordered by the courts to pay up more than US$100 million in back-pay royalties.

According to www.classaction.org., in August 2012, a Kansas judge approved a US$54 million settlement with landowners who claimed they were underpaid royalties when ExxonMobil made deductions for expenses that occurred downstream of their wells.
The settlement also ended a lawsuit filed in Kansas state court against ExxonMobil over royalties dating back to 2000.

 

 

18. Guyana – How much money will Guyana receive – All Hands On Oil – Concerns ExxonMobil’s Agreement

18. Guyana – How much money will Guyana receive – All hands on Oil – Concerns ExxonMobil’s Agreement – V.150817

From “Rags to Riches”, “ a nation that did not expect to win the lotto”, “ soon to be the richest corner of South America”.

Ahead ?

The prime goal and objective ?

Convert these 8 billion barrel recoverable (@ Febr. 2020, 15 discovery wells, proceeds and income in equal, high prosperity, happiness and excellent qualty of life for all Guyanese.

In 2045 ?

Yeahhh, we have achieved it, we are definitely a high developed, rich country. Comparable with e.g. Singapore.
Just come and see with your own eyes. And check. Our high level of infrastructure, modern roads, bridges, housing facilities, education, hospitals, hotels, airport, social welfare system, etc. etc.

Hopefully !

1. Introduction – by Marcel Chin-A-Lien

2. Petroleum Geology Offshore Guyana – March 2017 – from Newell Dennison.

3. All hands on oil – August 3, 2017 – Reblogged from Verian Mentis-Barker.

4. Guyana: will its oil boom benefit the people ? Al Jazheera, Video, July 30, 2018

1) Introduction by Marcel Chin-A-Lien – For further info, also see my other posts on Guyana, in Chapter Petroleum Exploration

1.1. Guyana. Concerns about arrangement with ExxonMobil.

1.2. How much money would Guyana get from ExxonMobil’s offshore oil production?

1.1 Guyana. Concerns about arrangement with ExxonMobil.

The contents of the arrangement that the Guyana Government in 1999, has signed and apparently recently renegotiated with ExxonMobil, has never been published (P.D.@ december 2017: finally published by Guyana Government; this blog was written august 15, 2017).

(P.D.1, inserted August 15, 2017 – kaieteursnewsonline.com – Abena Rockcliffe-Campbell :“ With all this issue about good deal and so on, you are making an assumption that we renegotiated the contract. That contract was already in place, we inherited that contract,” said Jordan.

P.D. 2, The arrangement was finally released and published in december 2017, after much pressure from the Guyanese society.

My observations in this post of august 2017 are nonetheless still valid. In the course of 2018 I will publish my personal full observations on the published contract).

The first contract was signed on or around June 14th 1999 by Mrs. Janet Jagan.

With the appendage of Her Excellency and President (Re. V. Mentis Barker – All hands on oil, august 3, 2017).

FYI.: Cheddi Berret Jagan (1918 – 1997) was minister-president (1957-1964) and president (1992-1997) of Guyana.

Janet Jagan – Rosenberg (1920-2009) was the wife of Cheddi Jagan, married in 1943. She was president of Guyana from december 1997 – august 1999 and signed the first contract.

MInister Trotman recently declared that his government had decided that ” it was not in national interest to discuss contract details at this time ” (kaieteurnewsonline.com).

Therefore there is anno 2020, 21 years later, a lot of uncertainty and public discussions on the arrangement, on its exact content, on transparency. Amongst all the stakeholders, inhabitants and de facto “owners” of their own natural resources, regarding this important item.

This to know for example how much money Guyana would get from its offshore production.

In 1998, also when Mrs. Janet Jagan was president, Guyana signed an arrangement (PPL) with CGX.
My educated-guess is that the arrangement signed with ExxonMobil in 1999 could resemble the arrangement signed previously with CGX.

The contents of this PPL can be found by researching Internet publications.
The Petroleum Prospecting License (PPL) was signed between CGX Energy,Inc.(Company) and the Government of Guyana (Government) on June 24, 1998.

The main articles/clauses are:

  1. Cost recovery production allocation is as follows.
    Maximum Cost Recovery is 75% during the first 3 years.
  2. Afterwards 65%.
  3. Profit Oil Split (Developer Share):
  4. During the first 5 years, 50% for the first 40,000 b/d.
  5. And 47% for Production above 40,000 b/d.
  6. After 5 years, 45 % for all production.
  7. The Developer does not pay income tax (…what a blessing from Heaven…there are almost no places on this globe where no income tax is paid…).
  8. The PPL provides that the income tax is paid from the Government’s share of the profit oil (…what a piece of cake for contractors, CGX and/or ExxonMobil, how beautiful negotiated).
  9. The Company has an exemption from VAT, exercise taxes, duties, fees, levies and from property tax.
  10. The Company does not pay royalty. ***
  11. This is considered to be included in the Government’s share of profit oil.
  12. (…what a piece of cake for CGX and/or ExxonMobil).
  13. This was apparently re-negotiated with ExxonMobil in 2016.
  14. Was upgraded from 0% formerly to 2% presently.
  15. In my opinion this is still very/far to low.
  16. I would suggest/negotiate if I were to be in the negotiating team, at least 6.5% in post-2017 Licenses. This is almost standard in surrounding areas.

(*** Also see: Petroleum (Exploration and Production) Act 1986 – Act. No. 3 of 1986. And Act No. 4 of 1992:

that is an Amendment of only section 51 in the previous act 1986,  ” Part V – Financial – Royalty on petroleum obtained under license “:

45 (1) Subject to this Act, the holder of a petroleum production license shall, in accordance with his license and this Act, pay to the Government royalty in respect of petroleum obtained by him in the production area to which the licence relates. vs.

50 (1) Royalty payable pursuant to section 45 and any penalty under section 48 is a debt due to the State and recoverable in the same manner as revenues due to the State ***).

Inserted comment: how beautiful is life. You first pay royalty. And immediately recover it back. What is the purpose ? To earn royalty and to give it back immediately?
Do not understand this. Cannot believe it.

17. Training expenses of US$ 40,000 per year are required, only during the exploration period. These are qualified as exploration expenses. A very low amount.

17. Annual license rental payments of US$ 40,000 per year are required during the exploration and production period. An extremely low amount.

In my opinion this represents a very good deal (arrangement) for the Company.
And a rather ” inconvenient deal ” for the Government.

Tip that can benefit a country with billions of US$:

Always be so diligent to first design, negotiate and only later sign your own PSC.
Customised with those clauses and articles you wish to have.
Consult e.g. with a clever and seasoned PSC and E&P specialists and advisors with worldwide experience. Once signed it is extremely difficult to change and adapt it substantially. It can yield you really billions US$ extra income, a good contract.

From what I perceive from internet publications the Government did recently renegotiate the original PPL with ExxonMobil and obtained somewhat better conditions.
Including a royalty (2%) and possibly a 50% – 50% overall share.

(P.D. August 15, 2017 – kaieteursnewsonline.com – Abena Rockcliffe-Campbell :“ With all this issue about good deal and so on, you are making an assumption that we renegotiated the contract. That contract was already in place, we inherited that contract,” said Jordan.)

One would assume that the original 1999 PPL was rather favourable for ExxonMobil. Given that it was signed in a period when there was relatively little interest of IOC’s in offshore Guyana.
As is usual in such cases and in high risk, still non-oil-proven basins, it is to be assumed that Guyana has granted rather favourable (“soft”) conditions to ExxonMobil. In order to attract exploration investments with a clear work program, including seismic and drilling.

Present 2020 situation.

From “Rags to Riches”, “a nation that did not expect to win the lotto”, “soon to be the richest corner of South America”.

As a blessing from Heaven and the El Dorado, the subsurface of the prolific Guiana-Suriname Basin.
In tandem with the splendid assistance of ExxonMobil and their superb team of explorationists and drillers. Already 15 discoveries on a row. Unbelievable. Never seen earlier in a virgin exploration area. Chapeau, top.

Completed with a contract already signed in 1999 Guyana is now beginning to reap the benefits of an unprecedented oil boom.

Much has been debated on the 1999 Petroleum Agreements.

Very good, necessary, lessons learned?

More important now.

The way ahead?

Now that it has become a proven basin, it is a different ball game.

Disclaimer.

This is strictly my personal opinion as an independent global petroleum and mineral resources explorationist. And its related business. commercial, strategy and policy development.

It represents what I would recommend or aim to achieve myself.

If I were part of a Country negotiation or any other team.

(…Sure, if I was sitting on the IOC/Contractor side, as I have so often been.

Then it would negotiate the reverse, most certainly…But that is the game of doing business…

The smartest guy wins.

The innocent, weak and poorly prepared guy looses.

The ” fittest survives “, as Darwin already stated in his famous evolution theory in 1895).

  1. Contracts with new entrants could / should be negotiated with a much better share for Guyana.
  2. Focussing on items as the royalty percentage: least 6.5%.
  3. Mind you:
  4. Sixty one (61) relevant (sub-)articles and clauses are omitted. Not included and not defined in this slender contract.
  5. These all cover items that can/will have an impact. Such as on profit share, environment and fluent, efficient management of the petroleum assets, by the host country.
  6. Ring fencing:
  7. Mind you, does not even appear in the Definitions. Should have been included on page 7. Was omitted, on business as usual purpose, by ExxonMobil ?? Though, financially could/will be impacting positively on cost recovery purposes for the IOC; and negatively for Guyana. For example to prevent costs of dry holes being carried over to that of successful wells.
  8. Article 10 – p.25, Annual License Rental Charge: US $ 1 million. Far to low. A real piece of cake for such an unusual massive area. Could be some US $ 20 million.
  9. Dutch fees (” Dutch treats”) in the Netherlands licenses vary around 500 Euro’s/km2/year (with a sliding, increasing scale).
  10. Possibility for State oil participation, step-in, in production phase: not provided for, as is usual in PSC’s, e.g. up to 25%.
  11. Work obligations for contractors are to low.
  12. Ceiling for cost recovery, can be adapted/lowered.
  13. Above all:
  14. Drastically optimise Guyana’s Profit Share:
  15. From  ‘ Profit Oil “,
  16. With a sliding scale, immediately after the IOC has recouped it’s investments from the ” cost oil ” .
  17. For Guyana Profit Oil Share for example the following sliding R-Factor Slices:
  18. 1) 0-1.25
  19. 2) 1.25- 1.50
  20. 3) 1.50- 1.75
  21. 4) 1.75 – 2.0
  22. 5) 2 – 3
  23. 6) > 3
  24. This would yield a sliding and gradually increasing Guyana Share (%) of respectively 20, 25,30, 40, 50, 70.
  25. Plus the flat, fixed royalty.
  26. The fixed royalty could be sliding scale royalty, increasing as production increases.
  27. Financing: Insurance premiums can be fully recovered. Also interests on loans and financing costs.
  28. Include a pre-funding arrangement for decomissioning expenses at the end.
  29. Income tax: Government pays the income tax of the IOC. Out of the country profit share.Wow, what a deal, never seen this before. Say a Dutch Treat in the PSC.
  30. Total profits ? Much, much higher, up to some 70%; how many billions US$ does this represent ? Just calculate, run your own cash flow and revenue model.
  31. Much better, higher (really billions US$) than with the actual Agreements.
  32. That have just 2% Royalty.
  33. And a flat 50% from cost oil, for host country share.
  34. Calculate how the revenue through time would be for Guyana in following case:
  35. Given some 8 billion barrels reserves (…at February 2020 and much more to come…). A production increasing from of 100.00 in 2020 up to 1.2 million barrels in the near future (2025).
  36. As a comparison, with Suriname, next door. Still frontier, not-proven offshore @ august 2018. First significant offshore discovery in Block 58 in january 2020. Most contracts signed before the 2015 Liza discovery.

    Operators in Suriname are obliged to pay a royalty equivalent to 6.25% of gross production value and corporate tax at a rate of 36%.

  37. Financial Engineering:
  38. Valuation and cash flow modelling
  39. In tandem with the expected/prognosed production profiles from the prospects & leads in the-to-be-licenced-areas and in existing fields.
  40. The Fiscal Regime/clauses in the PSC has/have to be flexible, not static.
  41. Why? Adapted to the prognosed prospectively of each block and license. These (can) rank very different in prospectivity.
  42. This includes using exploration and production geology, geophysics, reservoir engineering, that are fundamental.
  43. ???
  44. The best results that I myself could obtain was in the following setting:
  45. An efficient negotiation & fiscal regime team has to consist of merely technical capable persons (…no politicians, unless they have this following knowledge), thus:
  46. An integrated multi-disciplinary team.
  47. Including and where All individuals have extensive grounded knowledge of following 7 (seven) items:
  48. Petroleum exploration and production geology (1)
  49. Reservoir production engineering (2)
  50. Geophysics (3)
  51. Petroleum Sharing Contracts and Fiscal modelling (4)
  52. Contract negotiations (5)
  53. Petroleum laws (6)
  54. (7) Environmental clauses in the present PSC do not cover all possible casualties and clear responsibilitues for the Operator/Contractor:
  55. Social Responsibility and the protection of the Environment.
  56. Article 28. Sub-Articles 28.1 to 28.6, page 63 and 64:
  57. Just 40 sentences. 
  58. In case of a major oil spill ? That could reach neighbouring countries as Venezuela, Trinidad, Barbados etc. in some 48 hours with the westward flowing Gulf stream.
  59. What if ?
  60. Such as in the 2010, with Macondo, 3.2m barrels  oil spill.
  61. Cost BP 13.8 bn US$ in damages @ January 2015 New Orleans courts
  62. Additionally the Clean Water Act penalties would come on top of the more than US$ 42 bn that BP set aside or spent for clean-up, compensation and fines.
  63. BP Macondo fine
    BP Macondo fine – 17 feb 2020, Bloomberg Businessweek, Joe Nocera, pp. 70-71,
  64. By the time you are not Friends but rather big Enemies, and in Court?
  65. Because of all the claims from neighbouring countries due to environmental damages caused by a/your major oil spill.
  66. Do the meager 40 sentences of Article 28 cover and safeguard and cover All your country interests ? Sure about that ?
  67. Will you win a possible (many, many billions US$) lawsuit with just these 40 sentences and 1.2 pages of text in your trembling hands ???
  68. Personally I have my most, most serious doubts.
  69. My own Article on Environment would cover all these casualties. Such as also in the past negotiated for Clients that I served. 
  70. Faites vos jeux, international and petroleum law specialists.
  71. You would by then be in the driver’s seat. In Court.
  72. In case of an oil spill
  73. (…But, sure…you would be in Gold Rush Business. Making lots, millions and millions of money… for legal advise and corresponding fees…from your Clients…during many, many years…).

The main objective of Guyana should be to maximise its petroleum wealth by encouraging appropriate levels of offshore activities.
To this end Guyana must design a robust fiscal system with for example the following characteristics.

It should provide a fair return for both the state and the international companies. It has to be clear and avoid undue speculation, just as is now frequently surfacing in the press. Administration has to be efficient without undue rules, permits and burdens. At the same time it should provide enough flexibility and create a healthy, competitive competition and market efficiency.

Guyana Oil Boom - Sovereign Wealth Fund - - from www.kaieteurnewsonline.com - MCAL
Guyana Oil Boom – Sovereign Wealth Fund – – from www.kaieteurnewsonline.com – MCAL

A much different Petroleum Sharing Contract (Petroleum License Agreement) is certainly highly recommended in my opinion.

Designed and ” financially & subsurface potential engineered ” to produce a contemporary, ” larger and higher fair share distribution and fractionation ” for Guyana and IOC’s.

Compare with 130 PSC’s on www.resourcecontracts.org.                                                 A directory of Petroleum & Mineral Contracts; https://www.resourcecontracts.org/search?q=&country%5B%5D=GY (8 Guyana contracts)

(Inserted note @ May 2018:

I published this blog in august 2017. On my site and on Linkedin.

During 2017 IMF elaborated a confidential report for the Guyana Government (Nov. 2017). Unfortunately it is not published on internet. Apparently it includes the main and same observations that I made before in my blog.

Morale:

Most important PSC items for offshore exploration and production one can figure out on its own. Or with just a small seasoned technical team.

One does not need a whole (…super expensive…) IMF team to ” unveil ”  the most important items.

But just a few seasoned global explorers.

One way to do this is to first develop a clear view of the leads, prospects and play types that Guyana’s offshore acreage has and can offer to IOC’s. This is geology, geophysics, reservoir and production engineering.

Especially on what their expected rewards potential is (subsurface areal OIP – GIP and financial – NPV, cash flow).

Align and link the potential of the different licensing areas with specific corresponding PSC clauses. Customised PSC profit share scales. Not a static fiscal profit share scheme, for all the differing/different leads, prospects, licences.. 

This is usually and frequently done.

Myself I had the opportunity to contribute, with this licensing strategy and philosophy, in other areas, such as nearby Guyana. Where PSC’s have been signed optimal for the home country.

Otherwise you give away for free billions of €€€ and $$$ that you want & need to have in your very own pocket.

Cartoon Kaieteurnewsonline - August 15, 2017 - MCAL
Cartoon Kaieteurnewsonline – August 15, 2017 – MCAL

 

1.2 How much money would Guyana get from ExxonMobil’s offshore oil production, Liza Phase 1?

Guyana - Revenues - Liza Phase 1 Development
Guyana – Revenues – Liza Phase 1 Development – ExxonMobil figure.

How much money would Guyana get from ExxonMobil’s offshore oil production. From coming Liza Phase 1 development.

See on figure the Government Revenue from Profit Oil, in green color. Figure published by ExxonMobil.

This gives a fair idea of what everyone wants to know.

Guyana Government Revenue from Profit Oil is some 7 billion US$.

This amount would be received in the period 2020 – 2033.
Payout is successful in about 4 years.

The economics of the Liza – Payara – Snoek giant fields development is thus highly profitable, with an IRR exceeding 100%.

Eco Atlantic O&G - Liza 1 - Sept. 2018
Eco Atlantic O&G – Liza 1 – Sept. 2018

Guyana earnings, according to its Business Minister Mr. Gaskin ?

” Minimum of US$300 million annually from 100 barrels of oil per day at today’s estimated US$60 per day.”

From march 6, 2018, Demerara Waves – https://guyaneseonline.wordpress.com/2018/03/11/exxonmobils-contract-will-yield-more-royalties-than-gold-business-minister-dominic-gaskin/#more-65372

” Addressing the opening of a Private Sector Commission- organised seminar under the theme “Oil and Gas in Guyana: Perspectives in Guyana”, Gaskin said he had no problem with criticisms of the contract but contended that comparisons with Ghana and Uganda amounted to “incomplete and misleading” information.

Noting that ExxonMobil was not compelled to renegotiate the valid 1999 agreement with Guyana, the Business Minister said the 2016 “revised” Production Sharing Agreement which provides for a two percent royalty and 50 percent of profit oil would earn the country a minimum of US$300 million annually from 100 barrels of oil per day at today’s estimated US$60 per day.”

Marcel Chin-A-Lien – Advisor Petroleum Exploration & Production, Business-Commercial-Policy Development, PSC’s.

” FYI:

All-in-1, Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, develop your business and get sustained value for money ?

Contact & Contract Me at marcelchinalien@gmail.com ”

2) Petroleum Geology Offshore Guyana – March 2017 – from Newell Dennison.

Question:

What kind of exploration concepts, playtypes, leads, prospects and subsurface elephants exist in offshore Guyana ?

Taken from and published on internet:

Petroleum Geology Offshore Guyana by Newell Dennison – GGMC –

Guyana Oil and Gas Association Inc. – Oil and Gas Conference – Marriott Hotel Georgetown, Guyana – March 26-28, 2017 –

A brief account of features typical of the offshore Guyana & Takutu bains.

Guyana - Petroleum Geology - N. Dennison - MCAL
Guyana – Petroleum Geology – N. Dennison – MCAL – Fig. 1

 

Guyana - Offshore Concession Status - MCAL
Guyana – Offshore Concession Status – MCAL – Fig. 2

 

Guyana - Petroleum System - MCAL
Guyana – Petroleum System – MCAL – Fig. 3

 

Guyana Basin - Exploration history - MCAL
Guyana Basin – Exploration history – MCAL – Fig. 4

 

 

Guyana - Play Types 1 - N. Dennison - MCAL
Guyana – Play Types 1 – N. Dennison – MCAL – Fig. 5

 

 

Guyana - Play Types 2 - N. Dennison - MCAL
Guyana – Play Types 2 – N. Dennison – MCAL – Fig. 6.

 

3) Guyana, oil, Exxon, Hess, CNOOC China, Lisa, Stabroek

Reblogged from : Verian Mentis – Barker – August 3, 2017

Reference, read more: http://xpressblogg.com/all-hands-on-oil/

Guyana - Hands on Oil - V. Mentis-Barker - MCAL
Guyana – Hands on Oil – V. Mentis-Barker – MCAL

When the International Financial News Organs mention the Liza 1 and 2 and the Stabroek oil wells found in the waters of its off-shore, it’s always with Guyana as the subtext.

Just look at the swagger in these headlines of Forbes Financial Magazine, June 30th 2016, in article by Christopher Helman “With Second Big Oil Discovery, Exxon Puts Guyana On The Map”…yeah, putting Guyana on the map…as Economist Magazine ‘Gusher in Guyana’, article of June 29th 2017 tops it off with sub heading ‘It will take better politicians to resist the corrosive power of petrodollars’

Just for the record….if there is any noble propensity here, it is certainly tempered by a reputation of avarice and narcissism and this is what makes these magnates mount their horses of hubris and ride in to town…not because they are overtaken by any zealous munificence and definitely not because they want to make Guyana its benefactor… only because they are driven to multiply their riches by oil.

First off, their mental image of the leader of Guyana -of any third world country for that matter- comes pre-packaged. For them he’s a meretricious caricature of leadership, achieves spectacularly little, an unrepentant dictator who constantly revises the laws to ensure longevity of rule – as he sips quality champagne from a diamond glass on the tax payer’s dollar…maybe on a private 747 – just to add to the visual.

There’s a famous recount of what happened when Esso Chad, a consortium led by Exxon Mobil, brought business to the little African country and paid USD 4 million to farmers whose lands were spoiled for farming and $1,000 USD for every mango tree cut down to facilitate oil extraction. The choices made by the farmers on spending their new found wealth grew into a common joke and became the prevailing anecdote for the oil magnates when discussing contract compensation.

Reportedly, in their unworldly joy, they spent their money only as they knew how. One took a bath in beer, another left his mud hut and checked in to a four star hotel in Ndjamena for several weeks, others took several more wives. Some did invest in wind mills and more cattle but the focus was on those who did the less enterprising things.

And, in this presumed unsophistication of the third world leader, capitalist buccaneers like Exxon find justification in exploiting their simplicity – a charge copiously documented in Exxon’s multiple Court Cases, legal defenses and its numerous charges and settlements with third world countries.

These modern day marauders never really stumble upon oil, you know.

When they show up, they’ve already done their home work…analyzed the politics of the country, identified the venal politicians, the philistine business men and developed the right kind of palm oil – for those whose palms would be greased.

The Integrity Forum calls it the ‘Voracity Effect’ but it’s really just public officials at their dishonest best.

Thing is, there was a thriving culture of local corruption, when Exxon first sought its exploration in Guyana’s waters. That first contract, covering the Stabroek Block, was signed on or around June 14th 1999 by Janet Jagan with the appendage of Her Excellency and President –titles that will not be validated in this forum, since their legitimacy remain under question.

Nevertheless, Janet signed that exploration contract during the tenure of a dictatorship that did business with foreign governments and conglomerates through murky agreements, creative accounting; much of which landed the country on world Corruption Indices and remain the subjects of internal forensic audits- audits we hope to see completed before the next national elections. She was a pliable subject, undoubtedly and fit the profile of many that resource extractors do business with.

It may be coincidence that resource rich third world countries have this type of politics but it’s incontrovertible that big oil finds a great deal of its holdings in these countries and remains the number one culprit cited when there are discussions involving the paradox of plenty, in these poverty stricken zones.

We were motivated, primarily, by the need to keep an eye on the nation’s patrimony; much of which has been pawned for returns that cannot be shown, by clear accounting, to have benefited Guyanese other than those who served under the PPP dictatorship… recalling the generous $115 million paid by Norway as disincentive to preserve the rain forest which was then sold by the Jagdeo Government to Bai Shan Lin, Vaitarna, Barama in a cross-selling, bid-rigging, price-gouging racket, then covered up in a crafty accounting scheme by, then, Finance Minister, Ashni Singh and signed off by Gitanjali Singh the Director of the Audit Office (Auditor General) who was none other than his wife.

But we were propelled by the involvement of Exxon, this business magnate, steeped in a series of investigations, an unscrupulous chaser of natural resources and market share through investment in resource extraction from small underdeveloped nations.

These are some of Exxon’s not so illustrious deeds:

In 2000, the construction of the USD 4.2 billion Chad-Cameroon pipe line with the promise of 35,000 local jobs …only that it was grossly inflated and deliberately exaggerated …many of the jobs were for bush cutters which lasted no more than 2 days at $6.50 per day and for those with a few more skills, jobs lasted just about three weeks…while Exxon flooded the job site with its imported western laborers.
The promise to the Chadians and Cameroonians to bypass wild life and fishing the mainstay of locals; of improved education and the installation of electricity – leaving instead, half constructed homes, non functional parks, and abandoned fish ponds and electricity projects.
In 2003, its $ 500 million bribe paid directly into the private account of Teodoro Obiang Nguema Mbasogo, the President of Equatorial Guinea, for concessions to the nation’s oil.
Hess is no better. We read the exposé of Hess oil and its link to the Russian mob through Rosnef, -Russia’s oil- and its culture of bribery, more notably to Latin American countries and to African countries through trading name, Amerada Hess.

The Chinese Government’s CNOOC has had its share of bribe, scandals and litigation as far away as Iraq and as close to home as the Caribbean.

And Halliburton, the latest natural resource pariah to join this school of sharks, comes with decades of investment misbehavior, creative accounting that overstates its investment in collusion with corrupt leaders and uses that overstated amount to grease the palms of sleazy government officials.

So, when we learnt of the Coalition’s reticence to declare the details of the oil extraction contract, with Minister Trotman declaring that his government had decided that “it wasn’t in national interest to discuss contract details at this time”, that “they didn’t want to expose all their business to the world”, we thought of the salt-goods shop mentality of the previous government and remembered how these same officials, these upper echelon Coalition members, lambasted the PPP Government from the podium of the Opposition for withholding information on contracts with the Chinese de-foresters – information that would have served the nation better, were it known before they were scammed by them.

And don’t get us wrong.

We see Jagdeo’s demand for ‘full disclosure’ as political impiety, as the hallmark of hypocrisy, as barefaced duplicity and dismiss it as lamentation, distraction, by an insidious loser who is dying to know if contract negotiations are as nefarious as his were – overflowing with personal perks, coordinated with corruption, governed by grifting and grand larceny – and as a pitiful Pavlovian response at the thought of missed undue enrichment that is coming out as cries of foul.

What Trotman said may have sound basis but it was delivered in unprofessional political parlance. The grand take away is that this Coalition is engaging in the same covert behavior that it decried when it was in the Opposition…a takeaway that could have been avoided at the Communications/Public Relations level.

The fact is, Guyana’s natural resources and government –owned service delivery systems are the property of the people; even if there was massive misappropriation of millions of dollars for the failed Amalia Falls project, quiet gifting of land along the country’s defunct train lines, the siphoning of funds and unconscionable compensation for the unqualified engineers in the fiber optic debacle.

Guyanese have a right to know what is being done with their property, as well as, the prerogative to reject the advancement of any argument that suggests a waiting period, before they are told what is being negotiated on their behalf.

There’s a growing disquiet amongst the electorate.

They are now beyond jaded.

Many went to the polls as swing voters, identifying political matters with a transcendent moralism, casting their votes more for moral order than the traditional political ideology and ethnicity. They were tired of being marginalized by a government that flagrantly stole from them, that offered no hope to the generations after them.

The swing vote mattered.

This is political capital that cannot be squandered.

Behind the strategic and tactical problems- not to emphasize the frequent humiliations – things are not coming out right from the Coalition. It’s time for it to sense the limits of its actions, as voter reaction confirms a constantly diminishing yardage of these limits.

People are aware of the discovery of the humongous reserves; know that the harvesting of oil will bring in billions of dollars. Why not give them a sense of how this thing works, an idea of how the contracts are being negotiated?

It is the petroleum contracts that detail the flow of money; that will tell them if Exxon, an investor renowned for rapacious behavior, is not going to hog the revenue from the two blocks…Stabroek and Lisa. There is growing trepidation that Exxon owns 45% of the stake, Hess owns 30% and the Chinese via CNOOC owns 25%. To them that’s 100% of ‘outside’ ownership.

So, tell the people how this thing works, what ownership really means, in this case.

Explain the general parts of the agreement. Let them know, first of all, that the contract will be between the government on behalf of the people of Guyana and oil companies.

Explain that the typical petroleum contract may have hundreds of subsidiaries to it.

Assure them that the contract conforms to the dictates of the Constitution and that the land still belongs to Guyana.

Reassure them that there is built- in environmental protection, biodiversity protection and land conservation – violations of which comprise parts of Exxon’s rap sheet.

Let them know that it is a Production Sharing Contract, that it includes the finding of diesel, butane and petrol as well…that they will all be represented as petroleum in their contract with extractors, that the oil companies will bear the upfront financial burden, pay off their investment expenses, then split the remainder, giving Guyana 50% of those proceeds.

We get that these contracts can be complex, providing for the politics of both government and corporate practices but there is an abundance of empirical evidence that attests to a greater frequency than not of kick backs and payoffs, when transactions are executed in virtual secrecy.

So, answering questions along the way can’t hurt. Moreover, it offers an opportunity for government to let citizens know that it has enlisted the help of proven professionals and the elements of the contract are being discussed on equal footing with these oil magnates …who have designed these contracts… and mostly for their advantage.

The fact is, people are suspicious of outsourcing, engaging foreign countries and conglomerates, offering Guyana’s resources for development because they did not see any benefits or feel the effects of any inflow of revenue, when this happened during the past Administration.

In acceding to power, along with the reins of government, the Coalition inherited a presumption of lawlessness; the image of a government with a Potemkin feel, driven by propaganda and bogus activity, where under qualified and even less suitable staff showed up for work and executed a partisan ideology – much of which steered national gains into individual pockets.

The general sentiment is that elected officials are all corrupt, compromised by the culture of bribe.

And, who can blame them.

Power remains too heavily concentrated in the executive, and, without a robust Judiciary created through long awaited Constitution Reform, the electorate will remain leery of political actions, feeling that there is no real oversight.

This is an opportunity for the Coalition to show that they have chosen the competent ahead of the compromised and that it will go for the upstanding, even if inexperienced.

So stop hemming and hawing…

A refusal to issue contract details, updating upon dramatically changing events, will only cause the Coalition Government to suffer from the twin afflictions of opaque dealings and pernicious intent…not unlike its most recent predecessor.

This new charge for Guyana’s natural resources by these oil titans could become another story of corporate entitlement and government misdeeds or an unprecedented opportunity for economic development.

Oil escalates to a poor country’s most powerful industry – when bad economic planning allows it to subvert other industries …whole other conversation– and is too often allowed to become a parallel government…employing kick back mechanisms and gift envelopes to local officials, to get its way.

We’re not saying that this will happen in Guyana but Exxon, Hess, Halliburton and China’s CNOOC are quite dexterous in these activities and have stood across from various Prosecutors in defense of these activities enough times to be considered pros.

What we are saying is that President Granger, in his eloquent and impressive address to the The Committee on Economic, Social and Cultural Rights (CESCR) at the United Nations on September 28th 2015, spoke of the prodigious potential of the oil find and said that his government’s plans were to ensure that oil revenues reached future generations of Guyana…that efforts to establish a Sovereign Wealth Fund – a state-owned fund established for the benefit of the people, now and future – are well underway.

This lines up with the Coalition’s Manifesto under Natural Resources and the Environment #3: The Fair and Equitable Sharing of benefits arising from commercial utilization of natural resources….

We like the idea of there not being an extractor elite…like there was when logs were being felled by foreigners in our forests.

The promise now is for democratic accountability….

We’re hanging on to that, during this current scramble for the country’s resources…..because the foreign companies that come to the country to make profits never generate wealth for Guyanese….

So far, we’ve only been ripped off.

Reblogged from: http://xpressblogg.com/all-hands-on-oil/

4) Guyana: will its oil boom benefit the people? Al Jhazeera, July 30th, 2018, Video.

https://youtu.be/Akd4RogA-gI

17. Guyana Giant Offshore Petroleum Potential

Guyana Basin - Offshore - MCAL
Guyana Basin – Offshore – MCAL

17. Guyana Giant Offshore Petroleum Potential – V.200618

http://news.exxonmobil.com/press-release/exxonmobil-announces-eighth-discovery-offshore-guyana

@ 20th June 2018 # Breaking News Oil Discoveries

Guyana Discoveries & Prospects – MapStand Ltd. 2008

Inserted April 2019 (published data from Linkedin):

Guyana – Orinduik, prospects

Contents:

1. Comments – Birth Announcement of a Massive Oil Region: on behalf of ” Guyana Basin ” – by Marcel Chin-A-Lien

2. “To Whom it May Concern” – Marcel Chin-A-Lien.

3. Suriname sluit produktiedelings contracten af met ExxonMobil en Statoil, Blokken 59 en 60.

4. ExxonMobil, with Statoil has now also moved into prospecting the Suriname area.

5. Map Suriname Offshore and Onshore Blocks

6. Map Inferred Jurassic Source Rock

7. Map Canje Formation Source Rock (Time equivalent / ” Cousins” of Cenomanian La Luna, Querecual, Naparima Hill Formations)

8. Is Guyana Giving Birth To A New Massive Oil Region? July 31, 2017

9. Guyana Basin, basin floor fans (Liza, Payara)

10. Discovery number 8 – Longtail 1 well

11. Discovery number 9 – On waiting list of 2018: Hammerhead @ 30 aug. 2018 Discovery.

Discovery number 10 – Waiting list 4Q 2018.

Discovery Pontonoe-1 in Suriname @ october 2018?

12. Eco – Orinduik Reserves – sept. 2018

1) Comments Marcel Chin-A-Lien:

In december 2009 I presented ” New Outlook for the Suriname NW Offshore ” in a congress in Trinidad. With the variety of leads, prospects, play types in tandem with the newly designed license areas (Energy Caribbean 2009 Conference, Trinidad, 7-8 December 2009).
This as a sound, comprehensive scientific subsurface and business playground basis. To promote the high prospectivity of offshore Suriname. As part of the strategy and continuous effort of Staatsolie since long ago.

I had the great privilige to serve Staatsolie for an extended period. Herewith also obtaining the opportunity to contribute to Suriname. Where the roots and history of my grandparents, parents, family and therefore also mine are located.

The presentation was based on my own grounded re-interpretation, re-evaluation and integration of all previous subsurface reports and information of the multinationals. Resulting in a whole both new and positive outlook on the petroleum potential of NW offshore.
Novel and repetitive high impact leads, traps, prospects, play types and mini basins were unveiled, mapped and highlighted.
The presentation and its content, at the 2009 Caribbean Oil Conference in Trinidad, fortunately was rated by the attendees as excellent (up to brilliant).

Soon following IOC’s, such as Tullow showed tangible interest in urgently obtaining certain areas presented. Especially after I promoted and discussed the prospects on my workstation with their exploration manager. These were negotiated and diligently signed with PSC’s. In-house Staatsolie, previous to the negotiations we had already analysed, determined and fenced the level playing landscape with the boundaries for the PSC clauses and work program we wished to obtain. This within others based on the size of the prospects and an accompanying valuation and cash flow modelling of the expected petroleum volumes of the prospects.

The present day licensed area covers also the north-eastern part. The Demerara High (some 40,000 km2), since long forgotten and mainly neglected because of 4 dry holes. Such as well Demerara A2-1 drilled 39 years ago, in 1978.

Following my interpretation of the petroleum potential of this area with the 2D available, I created awareness, promoted and presented it in Staatsolie to the BOED. In an effort to obtain budget for a modern 2D survey. Following I designed the specifics for the acquisition area, program and for the processing sequence. This was later acquired and executed.

It is now an authentic joy to see that the whole area, promoted since 8 years ago in Trinidad, is now under license covered by 12 IOC’s and covering more than half of the offshore area of 180,000 square km.

This thanks to the diligent, intelligent, continual updating, upgrading and pro-active promotion of offshore, by the very competitive group of professionals and specialists in Staatsolie.

A real big achievement. Congrats. Fersteri !

Based on the unique petroleum system(s) in this basin, I can only be convinced that the Guyana Basin is an awakening oil giant.
Clearly evidenced by the recent giant elephant discoveries of ExxonMobil in nearby Guyana.

” Birth Announcement ” of a Massive Oil Region: on behalf of ” Guyana Basin “.

In 1965 Guyana Basin proudly announced the birth of its first giant field in onshore Suriname:

Name: Tambaredjo.

Weight: Billion barrel oil field

Parents: Geological and Mining Service (ir. Hugo Coleridge). And Miocene sands at a depth of 150 – 180 metres.

Place: Tambaredjo, Calcutta, Saramacca district, Suriname.

Time: 13 October, 1965.

Details:

Discovered by accident while prospecting for water (….very sorry about that big mistake….).

Carrying out a water-drilling project to supply water to a nearby school and village (….our sincere excuses…but…unfortunately we found a giant oilfield….instead of the clean and abundant water we promised you all….).

Birth of its second and third giant fields was announced by the arrival of Guyanese twin-sisters Liza and Payara. In 2015 and 2017.

The continuing story of the whole Guiana-Suriname basin will certainly  involve many more giant discoveries in the near future.

Brothers, sisters, cousins and nephews of Mr. Tambaredjo, Mrs. Liza and Mrs. Payara.

Such as also in switi Sranankondre.

Guyana Basin, since 1965 slowly awakening, since 2015 accelerating and entering a new, prosperous and exiting booming petroleum cycle.

The big petroleum show is poised to go on.

2) To Whom it May Concern

Sranankondre?

Srananman, ala mala pasensi, nog ff, next december ?

Bigi pokoe en kaseko op Vrijheidsplein, wowww !

Waarde neef Errol, fa waka?

Begin s.v.p. alvast een mooi olie ontdekkingsliedje te componeren. En reserveer ook een datum voor de primeur tijdens het optreden met je gezellige band. Thx in advance.

South South West!

Deel van mijn recente antwoord – email aan mijn zeer lieve oude tante in Switi Sranan: over olie:

Lieve tante,

Om uw vraag te beantwoorden.

Het grote oliefonds waar u het over heeft in uw email. Dat ik u indertijd in 2009 had voorspeld, de olie ?
Terwijl het gras groeit sterft het paard, schrijft u zo vrolijk ?

Die komt zoals eerder beloofd nu wel heel spoedig.
Misschien wel samen met Sint en Piet, dit jaar nog dus, hopelijk:
Maar alles eerst keurig op een rijtje.
Eerst de grote olie Vondst.
Daarna het grote olie Fonds (….oliefonds, waar u het over heeft).
All-In, All-2-You, dus met al het goede en ook de verhoogde AOW, die erbij hoort.
Voor ala Sranansma na switi Sranankondre.

Ik ben slechts een hele simpele exploratie petroleum geoloog.
Die voortdurend snuffelt naar olie, al 40 jaar lang, op 4 continenten.
Dus wat ik zeg, schrijf en beweer is niet zomaar uit de lucht gegrepen.
Niet gegrepen uit de hedendaagse iCloud.
Maar gelukkig gebaseerd op grondige bestudering en op feiten.

Die reuze olie vondst in Sranankondre is zeer zeker op komst.
Nog ff pasensi tante.

Ik hoop dat in december ala Sranansma bigi pokoe en kaseko kunnen gaan dansen.

Ala sma. Zelfs die met bigifutu.
De bigisma, de bigiman’s, de bigitaki’s, de bigifisi’s, de bigifasi’s, de bigimemre’s, de bigidoin’s, de bigidagu’s, de bigi-ai’s, de bigi taki’s.

Gezamenlijk en gebroederlijk met de bigi-popokaisneki, bigitodo, bigi-watradagu, op bigibigi dei.

Op het Vrijheids plein. Voormalig Gouverneurs plein.
En tevens op Bigiwowoyo.
Bigiyari, srefsrefi.
Bigiyari.

Lieve tante,
Zet uw kotomisi maar alvast klaar.
Voor de bigi konfriyari, fesadei en opo opo fesa.
Om de olie ontdekking te vieren.Suriname.

Oli.

Made in Sranankondre, by Canje Formation.

Overigens, Guyana ? Poti sma ??

Zoals men aldaar pleegde te zeggen over de naaste buren ??
Fos’fosi, fosten. Voor 2015.

Tachtig (80) miljard US$ gross is Guyana’s recente reuze olie vondst waard.
Tachtig maal het jaar budget waar de Surinaamse regering en haar ministeries over beschikken voor switi Sranan, per jaar.

Guyana? Poti sma ?
Fos’fosi, fosten. Voor 2015.

Suriname?
Binnenkort, nog ff pasensi tangitangi.

Poti sma nanga poti Kondre??
Fos’fosi, fosten.
Voor 2018.

Tan bun ala famiri, God Bless You All.
Brief van MCAL aan zijn lieve, oude tante C.”

Suriname - Made - Canje Fm Olie - MCAL
Suriname – Made – Canje Fm Olie – MCAL

3) Staatsolie sluit produktiedelings contracten af met ExxonMobil en Statoil, Blokken 59 en 60.

From:http://www.worldnieuws.com/category/dagblad-suriname/ – 13 juli 2017

Staatsolie Maatschappij Suriname N.V. heeft op 13 juli 2017 productiedelingscontracten afgesloten voor twee offshore-blokken. Voor Blok 59 is een overeenkomst getekend met een consortium bestaande uit de oliemaatschappijen ExxonMobil, Hess Corporation en Statoil. Met Statoil is een contract getekend voor Blok 60.

De overeenkomsten zijn het resultaat van Staatsolies ‘Open Door Policy Offshore Suriname’, die liep van 15 september 2015 tot en met 7 september 2016. Gedurende deze periode konden internationale oliebedrijven een bod te doen op open offshore-blokken. Op basis van de vastgestelde criteria zijn de blokken 59 en 60 toegewezen aan respectievelijk het consortium en Statoil. De onderhandelingen met partijen zijn medio oktober 2016 gestart.

De overeenkomsten gelden voor dertig jaar. De contractduur is opgedeeld in een exploratie-, ontwikkelings- en productieperiode. Voor de exploratieperiode is er een minimumwerkprogramma overeengekomen, waarbij onder meer geologisch onderzoek, seismische datavergaring en exploratieboringen zullen worden verricht. Alle kosten in de exploratiefase zijn voor rekening van het consortium respectievelijk Statoil en worden pas terugbetaald nadat zij een commerciële ontdekking doen en die ook in productie brengen. Het contract biedt Staatsolie de mogelijkheid om tot maximaal tien procent te participeren in de ontwikkelings- en productiefasen.

In de productiedelingscontracten is nadrukkelijk aandacht besteed aan inspectie, veiligheid en het milieu. Eveneens zijn er voorzieningen opgenomen voor werkgelegenheid voor lokaal kader, trainingen, sociale programma’s en de wijze waarop de ontmanteling van faciliteiten aan het einde van de petroleumactiviteiten zal plaatsvinden.

Foto: Namens Staatsolie ondertekende Managing Director Rudolf Elias beide contracten. Voor het consortium tekenden Erik Oswald (ExxonMobil), Timothy Chisholm (Hess) en Martijn Smit (Statoil). De overeenkomst voor Blok 60 werd ook door Smit namens Statoil getekend.

Blok 59 is ongeveer 11.500 km2 groot en ligt ongeveer 400 kilometer uit de kust, in waterdieptes van meer dan 1900 meter (ultradiep). Blok 60, met een oppervlak van 6.200 km2, ligt ongeveer 250 kilometer uit de kust, in waterdieptes van 800 tot 1900 meter.

Het Amerikaanse ExxonMobil is het grootste beursgenoteerde olie- en gasbedrijf in de wereld met activiteiten in verschillende delen van de wereld. ExxonMobil heeft samen met haar partners recente, grote olievondsten in Guyana gedaan. Hess Corporation is een groot, onafhankelijk energiebedrijf actief in verschillende landen. Hess heeft samen met haar partners in Guyana de grote olievondst Liza-1 gedaan. In Suriname heeft Hess reeds een belang van 33,3 procent in Blok 42.
Statoil is het staatsoliebedrijf van Noorwegen dat is uitgegroeid tot een multinational actief in exploratie, productie, raffinage en verscheping van olie en gas. Statoil heeft sedert januari 2014
reeds een belang van 50 procent in Blok 54.

4) ExxonMobil, with Statoil has now also moved into prospecting the Suriname area.

An ExxonMobil Corp.-led group and Statoil ASA have been chosen to respectively operate two blocks offshore Suriname.

ExxonMobil Exploration & Production Suriname BV, along with partners Statoil and Hess Corp., have signed a production-sharing contract with Suriname’s state-owned Staatsolie Maatschappij Suriname NV for the 11,500-sq-km deepwater Block 59. ExxonMobil will serve as operator.

Block 59 is 305 km offshore Paramaribo in 2,000-3,600 m of water. It shares a maritime border with Guyana, where ExxonMobil is operator of three offshore blocks, including the one that holds Liza field, where the firm last month made a final investment decision on the first phase of development (OGJ Online, June 16, 2017).

Block 59 also is next to Suriname’s Block 42, where Hess, a Liza partner with ExxonMobil, already has 33.3% interest and Kosmos Energy Ltd. is operator.

Block 59 partners are preparing to begin exploration activities, including acquisition and analysis of seismic data. ExxonMobil, Hess, and Statoil each hold a third of the block’s interest.

Statoil separately signed a PSC with Staatsolie for the 6,200-sq-km Block 60. It lies 250 km offshore in 800-1,900 m of water and is next to Suriname’s Block 54, where Statoil already has 50% interest and Tullow Oil PLC is operator. Block 54 is the site of the Araku prospect on which drilling is planned for this year’s second half. The prospect is a large structural trap that has an estimated resource potential of 500 million bbl of oil.

The agreements for Blocks 59 and 60 are part of Staatsolie’s “Open Door Policy Offshore Suriname,” which took place from September 2015 to September 2016 and allowed bidding from international oil companies. The agreements are effective 30 years.

As part of the contracts, the firms during the exploration phase will pay all costs, which only will be reimbursed if a commercial discovery is made and brought into production. Staatsolie has the option to participate for up to 10% in the development and production phases.

Note: All my inserted figures and maps are taken from published open files on Internet, such as from Staatsolie.

5) Map Suriname Offshore and Onshore Blocks

Suriname - ExxonMobil block - MCAL

Suriname – ExxonMobil block – MCAL

Tullow - oct. 2018
Tullow – oct. 2018

6) Map Inferred Jurassic Source Rock

Map & info from Staatsolie internet publications.

Suriname - Inferred Jurassic SR. - MCAL
Suriname – Inferred Jurassic SR. – MCAL

 

7) Map Canje Formation Source Rock (Time equivalent / Cousins of, La Luna, Querecual,       Naparima Hill Formations)

 Map & info from Staatsolie internet publications

Suriname - Canje Fm. - MCAL
Suriname – Canje Fm. – MCAL

Article taken from:
Contact Matt Zborowski at matthewz@ogjonline.com.
http://www.ogj.com/articles/2017/07/exxonmobil-statoil-to-operate-blocks-59-60-off-suriname.html

8) Is Guyana Giving Birth To A New Massive Oil Region?

Ricardo Martinez Monday, July 31, 2017 – 12:30pm
Suriname, Guyana, ExxonMobil, Liza, offshore, oil and gas, Payara
With the success of ExxonMobil’s Liza discovery, Guyana and Suriname are on E&Ps’ radars again. (Source: Shutterstock.com) 3,726 330

Up until recently, Guyana and Suriname were practically out of the oil and gas industry’s radar in spite of their proximity to oil reserve-rich Venezuela. But that quickly changed in 2015 when ExxonMobil’s (NYSE: XOM) joint venture spotted massive reservoirs in its Guyana offshore acreage. Its Liza discovery made headlines beyond oil and gas media outlets.

On top of that, the American oil giant recently snagged a new deepwater block along with Hess Corp. (NYSE: HES) and Statoil (NYSE: STO) off Suriname’s coast, which is along a maritime border where Guyana blocks have already proven world class potential.

Combined, these recent developments are what some call the birth of a new oil region—the Guyana-Suriname Basin—with never before seen assets that could easily outpace other developments in the Caribbean, including economically sunk Venezuela.

On July 25, with partners Hess and CNOOC, ExxonMobil announced a new find at its Liza Field on top of the originally estimated 1.5 billion barrels of oil equivalent. Analysts have long expected the consortium’s exploration program at Liza to be highly successful, but this new well proves there are plenty of untouched riches available for other industry players in the future.

Around the corner from Guyana’s prolific Stabroek Block with 6.6 million acres—the country’s crown jewel—is Block 59, the Suriname gem with 2.8 million acres. The potential of Suriname’s blocks is still unknown, but the fact that operators are digging in as Liza pours oil out offers plenty hope.

 ” Inserted note Marcel Chin-A-Lien

   To who may be interested.

” Birth Announcement ”  of a Massive Oil Region: on behalf of ” Guyana Basin “.

In 1965 Guyana Basin proudly announced the birth of its first giant field: Tambaredjo giant field, onshore Suriname.

Parents: Geological and Mining Service. And Miocene sands at a depth of 150 – 180 metres.

Place and time: Tambaredjo, Calcutta, Saramacca district, Suriname. Year 1965.

Discovered by accident while prospecting for water (….very sorry about that big mistake….).

Carrying out a water-drilling project to supply water to a nearby school and village (….our sincere excuses…but…we found a giant field… instead of the clean and abundant water we promised you all….).

Subsequent birth of its second and third giant fields was represented by the Guyanese twin-sisters Liza and Payara. In 2015, 2017.

The continuing oil story will probably involve many more giant discoveries in the near future.

Brothers, sisters, cousins and nephews of Mr. Tambaredjo, Mrs. Liza and Mrs. Payara.

Such as in switi Sranankondre.

Guyana Basin, since 1965 slowly awakening, since 2015 accelerating and entering a new, prosperous and exiting booming petroleum cycle.

9) Guyana Basin, basin floor fans

Guyana - Berbice Canyon and Basin Plain - Gustavson Associates 2008 - Fig 4-9 - MCAL
Guyana – Berbice Canyon and Basin Plain – Gustavson Associates 2008 – Fig 4-9 – MCAL

10) Discovery number 8: Longtail 1 well @ 20th June, 2018

http://news.exxonmobil.com/press-release/exxonmobil-announces-eighth-discovery-offshore-guyana

11) Discovery number 9: On the waiting list, soon, 2018.

12) Eco – Orinduik Reserves

Eco - Reserves - 9/2018
Eco – Reserves – 9/2018