Billion-Barrel Oil Discoveries Drive South American Energy Cooperation

Two of the biggest oil industry hotpots, Guyana and Suriname, are discussing joint development of natural gas resources off the coasts of the neighboring South American countries, according to Annand Jagesar, CEO of Suriname’s state firm Staatsolie.    “It will not happen tomorrow, but it is important that we now have mutual confirmation that we want to work together. It may take years before we find a development concept,” Jagesar told Suriname-based outlet de Ware Tijd. Guyana and Suriname will cooperate in drafting…