The gas found so far by Exxon at the massive Stabroek block
is not being collected or sold. Exxon currently reinjects it to
maintain the pressure of producing oil wells.
(Reporting by Marianna Parraga; additional reporting by Gary
McWilliams)
By Marianna Parraga
HOUSTON, March 5 (Reuters) - Guyana, the South American
country home to the world's largest oil discoveries in a decade,
next wants to develop its mostly untapped natural gas reserves,
Vice President Bharrat Jagdeo said on Sunday.
The nation of 800,000 people aims to diversify its oil
sector and secure new sources of revenue before the energy
transition reduces demand for fossil fuels. Guyana has emerged
as an oil powerhouse following the discovery of more than 11
billion barrels of recoverable oil and gas by a consortium led
by Exxon Mobil .
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.