A tiny remaining bastion of France’s former colonial empire, French Guiana in northeastern South America, was once thought to possess tremendous petroleum potential which could spark a Guyana-sized petroleum boom. Not only do French Guiana’s territorial waters include part of the prodigious Guyana-Suriname Basin but its offshore ocean floor is thought to share geological characteristics with the West African Atlantic margin where the giant Jubilee oil discovery was made by Tullow Oil.
Any major hydrocarbon discovery could be a tremendous…Have Oil Majors Given Up On French Guiana?
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