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Old August 17th, 2011, 02:25 AM   #161
Sagasu
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Pointe Simon Tower, Fort-de-France (Martinique) :

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Old September 9th, 2011, 07:41 PM   #162
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This had been suspected for some time, but it's now confirmed. It looks like France is finally getting its very own North Sea. $$$$$
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Total: Deep Offshore Discovery In French Guiana

Dow Jones Newswires
September 09, 2011



French oil major Total SA (TOT) Friday said a major hydrocarbon discovery was made in French Guiana's deep offshore Guyane Maritime license, in which it has a 25% equity interest.

Tullow Oil PLC (TLW.LN) is the operator and owns a 27.5% interest while Royal Dutch Shell PLC (RDSA) owns 45% and Northpet 2.5%.

Located around 150 kilometers northeast of Cayenne, the GM-ES-1 well lies in just over 2,000 meters of water and has so far been drilled to a depth of 5,711 meters below sea level.

Measurement while drilling revealed the existence of liquid hydrocarbon-bearing sandstone reservoirs.

After intermediate measurements, drilling will resume shortly to reach the planned total depth. The production potential and the scale of resources will then be determined through delineation drilling, the group said.

Read more: http://www.foxbusiness.com/industrie...#ixzz1XTQWA1A8
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Tullow, Shell Discovery Opens New French Guiana Oil Play

Wall Street Journal
September 9, 2011

U.K.-listed oil companies Tullow Oil PLC (TLW.LN) and Royal Dutch Shell PLC (RDSB.LN) said Friday they have opened up a new hydrocarbon basin offshore French Guiana with the discovery of a good quality oil reservoir from their first wildcat well.

Tullow shares soared on the news, trading up 11.3% at GBP13.66 and leading gainers on the FTSE 100 index at 0739 GMT. Shell's B shares were up about 0.5%.

The Zaedyus well was drilled in a geological structure that Tullow believed could be a mirror of the Jubilee play offshore West Africa, where it has discovered 1.4 billion barrels of oil in recent years and transformed itself into one of the U.K.'s largest independent oil companies.

"This shows we are sitting at the top table of exploration," said Angus McCoss, Tullow's exploration director, in an interview with Dow Jones Newswires.

"This proves the Jubilee play is mirrored on the South American side of the Atlantic," said McCoss. "This result marks the start of a significant and potentially transformational long-term exploration and appraisal campaign in the region."

The discovery is a "major step" because the geological system offshore Latin America is bigger than that of offshore Ghana, said McCoss. "There are at least half a dozen more of these Zaedyus type traps adjacent," and the chance of finding oil in them has increased, he said.

Tullow Oil has hit a home run with this discovery, said Bank of America Merrill Lynch in a research note. The bank initially gave Tullow a 10% chance of finding 700 million barrels of oil, but the nature of the discovery means the total resources could grow beyond this, it said.

The discovery means Tullow and its partners can now drill with a greater chance of success in licenses they hold offshore Sierra Leone, Liberia, Cote d'Ivoire, Suriname and Guyana, said McCoss.

These areas all have very similar geology because, "if you turn the clock back 100 million years, the Atlantic was just a narrow sea," said McCoss. Plate tectonics have since dragged the continent apart, but the geological structures that trapped the oil have remained intact.

Shell is the largest stake holder, with 45% of the license offshore French Guiana where the discovery was made. Tullow, which is running the drilling operation, has a 27.5% stake. French oil company Total SA (TOT) has 25% and Northpet has 2.5%

"Certainly we've got the financial muscle and strategic mindset to move fast on this," said McCoss.

Tullow and Spain's Repsol SA (REP) will start drilling the Jaguar prospect offshore Guyana in October, he said.

http://online.wsj.com/article/BT-CO-...09-702807.html
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Old September 9th, 2011, 09:14 PM   #163
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great news for guiana
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Old September 10th, 2011, 07:12 PM   #164
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French Guiana is not an autonomous or independent region.
Good news for France.
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Old September 10th, 2011, 11:10 PM   #165
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It's an overseas region.

The newly completed border crossing between Brazil and France:
[img]http://i56.************/2nbf5v8.jpg[/img]
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Old September 10th, 2011, 11:16 PM   #166
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is there an EU-entry sign in the border such as the ones in Europe?

BTW congrats to France for the oil
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Old September 11th, 2011, 05:18 PM   #167
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is there an EU-entry sign in the border such as the ones in Europe?
I don't know, we haven't seen a sign yet. Waiting for pictures to come...
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Old September 11th, 2011, 07:09 PM   #168
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French Guiana is not an autonomous or independent region.
Good news for France.
I know, but obviously, this find will benefit the region a lot
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Old October 8th, 2011, 02:30 AM   #169
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Latest views of the Tour de la Pointe Simon in Fort-de-France.



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Old October 8th, 2011, 05:12 AM   #170
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Old October 8th, 2011, 02:16 PM   #171
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Originally Posted by brisavoine View Post
It's an overseas region.

The newly completed border crossing between Brazil and France:
image
How is the diplomatic relationship between France (Guiana) and Suriname?

President Bouterse (Suriname) said he wants to have a strong and intensive relationship with Sarkozy (France).

Since their (Sur.) independence of the Netherlands, diplomatic intercourse (Sur. - Neth.) has come to a stop. Maybe France can profit of this situation.
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Old October 12th, 2011, 01:43 AM   #172
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I don't think France "profits" from the situation. Suriname is more interested in France than France is interested in Suriname.
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Old October 12th, 2011, 02:31 AM   #173
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New container terminal project in the port of Pointe-à-Pitre, Guadeloupe. It could become the container hub for the Caribbean.





The port today:
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Old October 12th, 2011, 04:37 AM   #174
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Not really THE hub of the carribean ... every company will have it's own hub Maersk in Costa-Rica, MSC in the Bahamas ... due to the future expansion of Panama Canal so there will are bigger container ships.
The French group CMA-CGM wanted to make its one in Guadeloupe finally they chose Jamaica ...

But Guadeloupe wants to be a secondary hub I think for the lesser Antilles so CMA-CGM decided to keep the project but to change it because it's too disproportionate and expensive ...Yesterday they show on TV two projects:
-The one shown on the first picture is what the PAG (Port Autonome de la Guadeloupe) still wants (400 millions euros)
-CMA CGM disagree for the reason above and wants to delete the south extension that you see on the left of the pictures. (100-80 millions euros)

So actually PAG disagree with CMA-CGM and to crown it all, Martinique the other French island have it's own project (65 millions euros) and wants to have its hub ... so actually there is a kind of rivalry between the two French island and Martinique is ahead of PAG since there is the disagreement in Guadeloupe.

The interest of having a hub :
import will become cheaper but to the other island there will are additional cost
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Old October 13th, 2011, 12:58 AM   #175
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Quote:
Originally Posted by Gaeth View Post
Not really THE hub of the carribean ... every company will have it's own hub Maersk in Costa-Rica, MSC in the Bahamas ... due to the future expansion of Panama Canal so there will are bigger container ships.
The French group CMA-CGM wanted to make its one in Guadeloupe finally they chose Jamaica ...

But Guadeloupe wants to be a secondary hub I think for the lesser Antilles so CMA-CGM decided to keep the project but to change it because it's too disproportionate and expensive ...Yesterday they show on TV two projects:
-The one shown on the first picture is what the PAG (Port Autonome de la Guadeloupe) still wants (400 millions euros)
-CMA CGM disagree for the reason above and wants to delete the south extension that you see on the left of the pictures. (100-80 millions euros)

So actually PAG disagree with CMA-CGM and to crown it all, Martinique the other French island have it's own project (65 millions euros) and wants to have its hub ... so actually there is a kind of rivalry between the two French island and Martinique is ahead of PAG since there is the disagreement in Guadeloupe.

The interest of having a hub :
import will become cheaper but to the other island there will are additional cost
Ok.
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Old November 6th, 2011, 12:47 AM   #176
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Tour de la Pointe Simon in Fort-de-France is nearing completion.

Pictures from Skyhig.



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Old November 6th, 2011, 01:28 AM   #177
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seems great!
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Old November 6th, 2011, 01:57 AM   #178
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nice thanks
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Old November 6th, 2011, 06:08 PM   #179
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Old November 15th, 2011, 03:45 PM   #180
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Latest pictures of the Tour de la Pointe Simon in Fort-de-France, by Skyhig.



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