Markets

Oil Company Anadarko Looks at Guyana

By: Caribbean Journal Staff - September 9, 2011

Above: Anadarko VP Ian Cooling meeting with President Bharrat Jagdeo. Middle: Noel Dennison, head of GGMC’s Petroleum Division (Photo: GIA)

By the Caribbean Journal staff

Anadarko Petroleum Corporation, the largest private US oil company, is brainstorming the prospects of a franchise operation in Guyana’s offshore area.

President Bharrat Jagdeo met Thursday with officials from Anadarko and Noel Dennison, the head of the petroleum division of the Guyana Geology and Mines Commission.

“We like areas like what we are seeing, [and] the sort of potential we think is here,” said Ian Cooling, vice president for business development at Anadarko. “It’s pretty much under-explored right now.”

Cooling said Anadarko is currently conducting a geological assessment of the region.

“We look for frontier areas, we look for deep waters,” he said. “We think the government of Guyana needs to bring some people in that are technically capable and financially capable to do some work. We’re hoping we’re going to be selected to do that.”

Guyana has a reported potential of 15.2 billion barrels of oil, according to the government.

In April, Prime Energy LLC-Caribbean, a US company, proposed building the first-ever oil refinery in the country.

The news follows a series of reports this summer about potentially significant oil reserves in the waters off of the Bahamian coast.

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]


The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]


The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]


Related Posts caribbean jetblue guyana

Hyatt Is Opening Its First-Ever Hotel in Guyana

Hyatt Hotels Corporation is planning to open its first-ever hotel in Guyana, Caribbean Journal Invest has learned.  The company has entered into a franchise agreement with SIR Investments Guyana for the development of the Hyatt Place Georgetown Demerara.  The 125-room […]


Rum Journal: Bacardi’s New Sherry Cask Finish Rum

bacardi sherry cask finish

For year’s there’s been a leader in the world of special cask-finished rum: Martinique’s Rhum HSE, which was ahead of the global curve in finishing its rums in a variety of different casks and remains the standard-bearer.  In the world […]


A Sip of Martinique in Miami

martinique

The Caribbean Rum Awards came to Miami on Monday, with an unforgettable evening of some of the finest rums from across the Caribbean and the island of Martinique in particular.  The event, presented by the Martinique Tourism Authority, was anchored […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You