Canada's CGX Energy announces new oil discovery offshore Guyana. | 9newsbreak
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Canada's CGX Energy announces new oil discovery offshore Guyan…
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While all of the commercially viable oil discoveries offshore Guyana have been made by US oil giant ExxonMobil and its partners, other operators, Canada-based CGX Energy Inc. and its partner Frontera Energy Corporation, have announced that they, too, have now made a major oil find in local waters. | Television Guyana Inc.
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While all of the commercially viable oil discoveries offshore Guyana h…
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Canadian-based joint venture partners offshore Guyana, CGX Energy, and Frontera Energy plan to invest up to US$380 million in operations in the Guyana Basin. Vahnu Manikchand joins us again to report that the two oil companies are focusing their operations on the Corentyne Block as well as on the Berbice Deep Water Project. | Television Guyana Inc.
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Canadian-based joint venture partners offshore Guyana, CGX E…
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CGX Energy Inc. and the Frontera Energy Corporation, joint venture partners in the Corentyne Block offshore Guyana, have found oil there but have been given two years to determine the viability of production there, according to the Minister of Natural Resources Vickram Bharrat. CGX currently holds only a small portion of the Corentyne Block because it relinquished much of the block in keeping with its exploration agreement with the government. | News Room
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Canadian oil company CGX Energy is currently appraising its oil find at the Wei-1 well within the allowed two-year time period; and according to the Government, the company has no other block in Guyana, nor will it be given any extension to do its appraisals. Here are the details from Jarryl Bryan… | Television Guyana Inc.
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