French Guiana Guyana exploration basin

The Guyana Basin spans French Guiana, Guyana and Suriname, extending from the coastal plain to ultra-deep waters. The basin shares many geological similarities with hydrocarbon plays on the Atlantic Margin of West Africa, including offshore Ghana, where the giant Jubilee discovery was made. The Liza discovery offshore Guyana is drawing explorers to neighbouring countries to the west of French Guiana. However, the poor appraisal results of the deepwater Zaedyus discovery, coupled with other exploration disappointments here, throws doubt on the prospectivity of this portion of the basin. The French government has enacted a drilling ban in French territories as of 2040. We expect only one more exploration well to be drilled in the basin before the drilling ban comes into effect.