Guyana's new crude frontier?
The Liza oil find offers the promise of an economic boost for the country but the government must plot its course carefully
The 2015 oil discovery at Liza, offshore Guyana, was a landmark well. It marked the end of an eight-year campaign to find a follow-up to the 1.8bn-barrel Jubilee play, which opened Ghana's Tano Basin in 2007. The search, along what is known as the Atlantic Transform Margin, had until now proved elusive: 24 unsuccessful wells had been drilled at a cost of $3.4bn (probably more than $6bn when seismic and general and administrative costs are included). Like Jubilee, the trap at Liza appears subtle and largely stratigraphic in nature: one not easily seen in the seismic data without sophisticated geophysical processing. The geological age of the source rock and reservoir are similar, consisting o
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
