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Frontera-CGX to Produce Oil in Guyana by 2030
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Overview
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Frontera-CGX joint venture plans to commence oil production in Guyana by 2030 through the development of the Corentyne block. They have engaged Houlihan Lokey to seek partners for the project and have focused on the Corentyne block after discussions with Guyana's government. The joint venture has identified significant oil and gas resources in the Maastrichtian horizons, with further potential in deeper horizons.
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How might the development of the Corentyne block affect Guyana's energy sector and related industries?
What are the potential economic impacts of oil production in Guyana by 2030?
What challenges or risks might the Frontera-CGX joint venture face in the oil production process in Guyana?
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