![]() 0%) by Suriname's national oil company, Staatsolie. 2% in base royalties, not to mention 20% equity stake (vs. I also don’t understand how Suriname got such better terms from oil companies than Guyana. ![]() Maybe it’s a make up of the leading consortium, Exxon/Hess/CNOOC, rather than PR grabbing wildcatters who view themselves as underdogs (and public loves such drama) OR current investing public’s distaste for anything frontier E&P. But I am surprised how little attention Guyana and its neighbor Suriname get despite high likelihood of contributing at least >1mm of new supply in near future. There are spooky talks around 1-2mm bl Iranian supply coming back under Biden administration. ![]() To be honest, I had to look up the country’s location on a map multiple times and confused with neighboring French Guiana. A capital of 'Cooperative Republic of Guyana', located between Venezuela and Suriname, is also called Georgetown. No, this is not Georgetown campus, west of posh Embassy Row in Washington DC.
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