Cybele Energy invests $17mn to explore offshore oil block in Guyana
Ghanaian company Cybele Energy has signed a $17mn exploration deal in Guyana’s shallow offshore waters, targeting a block estimated to contain 400 million barrels and located outside disputed territorial zones.
| Sector | Gaz, Pétrole, Exploration production, Exploration production |
|---|---|
| Theme | Investissements & Transactions, Financement, Développement de projets |
Ghanaian oil company Cybele Energy has signed a $17mn oil exploration agreement with the government of Guyana. The contract covers a block of less than 1,500 square kilometres located in shallow offshore waters, outside the areas claimed by Venezuela. According to preliminary estimates provided by Chief Executive Officer Beatrice Mensah-Tayui, the area could contain up to 400 million barrels of crude oil.
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