- published: 16 Mar 2018
- views: 4923
Guyana is poised to become the next big oil producer in the Western Hemisphere, attracting the attention and investment dollars of some of the biggest oil companies in the world. Exxon Mobil and Hess announced the successful drilling of a deep water exploration well that may soon confirm that the seafloor beneath Guyana’s coastal waters contains one of the richest oil and natural gas discoveries in decades. Experts now estimate that one of its offshore fields alone, known as Liza, could contain 1.4 billion barrels of oil mixed with natural gas, comparable to some of the larger fields drilled in South America. The question now is, will the money gained from Guyana's oil boom get to the people of Guyana?
Did you know there is a country in South America where most of its population are of Indian origin and where the official language is English? In this video we'll talk about Guyana, stay tuned! Did you enjoy our video? Click the 'subscribe' button and stay tuned for our new videos every week! Articles related: Guyana Is Poised to Become a Top Producer - https://www.nytimes.com/2017/01/13/business/energy-environment/major-oil-find-guyana-exxon-mobile-hess.html?_r=0 Conflict: Tillerson Would Write the Rules For Exxon’s Major Oil Find in Guyana - http://www.huffingtonpost.com/jesse-coleman/conflict-tillerson-would_b_14233580.html
As votes continue to be counted in the Guyana election one of the prominent issues for both the government and opposition campaigns has been the country's oil exploration efforts. Unlike almost all its neighbors, Guyana is not yet an oil producer. But last week Exxon Mobil announced it had discovered oil off the coast.
One of the poorest nations in the Western hemisphere is about to be transformed. That's because tiny Guyana is the site of one of the largest offshore oil discoveries in decades. But as the South American nation readies for a gusher of oil cash, there are concerns the relatively peaceful and democratic nation could be changed for the worse. Joining the program: *Samuel Sukhnandan, senior journalist for the Guyana Times and Television Guyana. *Raul Gallegos, associate director for consulting firm Control Risks. *Anthony Bryan, professor at the Institute of International Relations at the University of the West Indies. *Nick Butler, former BP plc oil executive and visiting professor at King's College London.
A draft Memorandum of Understanding could seal the deal on a T&T and Guyana oil partnership. During Thursday's Post Cabinet Media Briefing Prime Minister Dr. Keith Rowley said T&T can capitalize on the commercial quantities of oil found in Guyana. The Energy Minister traveled to meet the President and Minister of Natural Resources in Guyana from August 24th to 25th to offer technical support.
Juneann says: Guyana will be Living Wealthy Always. Guyana is the only English speaking country in South America. It is associated with the Caribbean because of being part of the British Commonwealth and being part of CariCom It's days of being called the poorest country is over. It will be called one of the richest countries in the South American and the Caribbean.( Black Gold was found in them their waters). Over 40 Billion dollars of oil found 125 miles over the shores of Guyana. This had changed the game for Guyana. See the video and find out more about this fascinating country. Please LIKE, SUBSCRIBE AND COMMENT. To see more videos go to http://www.livingwealthyalways.com