Investors eyeing Takutu Basin for oil exploration

Investors eyeing Takutu Basin for oil exploration

HAVING unmasked Guyana’s offshore potential for oil and gas activities, investors are now turning their eyes to the possibilities that exist onshore in Guyana’s Takutu Basin, Region Nine (Upper Takutu-Upper Essequibo). In 1982, the Karanambo-1 well in the Takutu Basin was drilled by Home Oil Inc., and tests conducted confirmed that oil of good quality …

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