US States, in their dealings with private oil and gas companies, requires that details of finds be immediately reported to the State.
Petroleum Consultant & Engineer, Paul Nicholas Ramsaywack.
Guyana should ensure there is a mechanism that requires the same from oil and gas companies it is doing business with.
That is the advice of Petroleum Consultant and Engineer, Paul Nicholas Ramsaywack.
The specialist, who has over a decade of experience working with Exploration & Production operators across multiple onshore US basins, said that Guyana’s regulatory framework should be competent enough to mandate that all is reported by ExxonMobil and other companies immediately.
Ramsaywack made these and other comments in a conversation with Kaieteur News about uncertainty surrounding the gas content in the Stabroek Block.
The general public still remains unaware of the proportion of oil to gas in most of the discoveries on the Block, operated by Exxon subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), and its partners Hess and CNOOC. Those discoveries now total over six billion oil-equivalent barrels.
ExxonMobil would not release its well logs for independent analyses to be done. Some have argued that the publication of the content of those logs would hurt the oil giant’s competitive advantages in the Petroleum industry.
See more here: https://www.kaieteurnewsonline.com/2020/01/20/us-demands-immediate-disclosure-of-details-of-finds-so-should-guyana-petroleum-engineer/