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Guyanese Dream: Oil boom in Guyana could transform global crude market

Oil Markets

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The Pros and Cons of Deep Water Exploration in Guyana

The offshore exploration block auction that's going to be happening in August. And we could possibly see some other companies getting involved in Guyana, right? Yes. My gut feeling is that it really takes companies with the expertise and the offshore history of developing in deep water to bring these things to fruition. That's a multi year and sometimes even as long as a decade proposition from discovery to being, you know, to first oil to coming online.

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