Economy & Business - September 2011 (ISSN 1741-7430)

At the beginning of September an Irish oil company, Tullow Oil announced a major discovery in the deepwater Zaedyus exploration well, 150km off French Guyana. The company is arguing, from the geology, that a new hydrocarbons basin around French Guyana, Suriname and Guyana, will mirror the huge African offshore oilfields which stretch from Ghana to Cabinda.