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    Another Major Oil Find!

    Source: DPI, GUYANA, Tuesday, February 27, 2018

    Minister of Natural Resources, Raphael Trotman today (February 27, 2018) announced another oil find by oil and gas exploration company ExxonMobil.

    The discovery, at the PACARO field, some four miles from the Payara well in the Stabroek Block, was made over the last two days.

    Minister of Natural Resources, Raphael Trotman.

    Minister Trotman made the official announcement earlier today, minutes after leaving Cabinet.

    “To date, we have overseen the drilling of seven wells by Exxon, six of which has borne fruit in that they have proven good, one has not but so far we have excellent record and I would like to congratulate the crew Stena Carron which has been the ship that has done 90 percent of the discoveries without a day lost, or any injuries or any man-hours lost and that is commendable and of course it has been done in a way.”

    This announcement comes less than three months after a similar announcement was made on January 5 this year.

    The government will also establish a Department of Energy, which will focus exclusively on the development of the petroleum sector.

     

     

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