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    Home > Chemicals Industry > International Chemical > WM: 80% of the remaining deepwater oil resources in the world will come from 5 countries

    WM: 80% of the remaining deepwater oil resources in the world will come from 5 countries

    • Last Update: 2021-09-10
    • Source: Internet
    • Author: User
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    According to a report from Petroleum Today on September 6, 2021, it is customary for analysts to evaluate oil resources based on general or broad assumptions

    The global upstream industry is still extremely active and must meet the undeveloped supply demand of 450 billion barrels equivalent by 2040

    In WM's analysis, understanding which attributes affect oil recovery can help answer their question:'Which countries have the most respected deepwater oil resources?'


    More than 9 billion barrels of oil have been discovered so far in the deepwater oil resources of the Stabrook block in Guyana, the quality of which is the best in the world, and this block is expected to provide high production

    John Hess, CEO of American Hess Corporation, said: “The Guyana reservoir is one of the best quality reservoirs in the world, with high porosity and high permeability, which is expected to bring high recovery and production

    With every new discovery offshore Guyana, analysts are increasing their forecasts of production, indicating that this new oil producer is expected to become one of the largest oil producers in Latin America, possibly second only to Brazil

    Hess said: "This is one of the world's major oil producing areas

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