Guyana-Suriname

Commentary

With a significant number of world scale discoveries made to date and a benign fiscal regime, the Outlook remains Positive for the GSB.

Updated

August 23, 2023

Location

Description

The Guyana-Suriname Basin is a half- graben Atlantic-margin basin on the northeast coast of South America. World class Canje source beds are in a mature position (Figure 2). The main reservoir targets are Upper Cretaceous and Lower Tertiary basin floor fans, shelf margin deposits and turbidites directly overlying mature source. Recent seismic combined with 1970s well control provides an exploration framework. Depth mapping of deep closures has eliminated the distortion/ velocity pull-up by an overlying shelf margin carbonate bank of Tertiary age. Large closures have been mapped and are associated with significant shows from 1975 drilling.

Summary

Activity levels have remained high in this second phase of exploration, with a significant number of discoveries providing renewed impetus for further developments.