US oil company Apache and French energy giant Total announced Tuesday to find a "significant" oil field off the coast of Suriname. Similarly, the American oil company ExxonMobil reported about oil in the region off the coast of Guyana at the end of December, the Wall Street Journal (WSJ) recalled.
Apache shares rose by more than 25 percent after the announcement, most since 1973. After 21:00 CET, their growth was still slightly below 25 percent, while Total shares depreciated around half a percent.
Analysts say it is not yet possible to determine how much oil is hidden under the well.
However, the deposit is located next to the area in which it found ExxonMobil, which is estimated to contain six billion barrels of oil and gas.
According to analysts, Guyana, which has less than a million people, could extract 750,000 barrels of oil a day by 2025. It would thus become the largest producer of this raw material in Latin America. A similar finding in Suriname could bring significant benefits to this poor country, the WSJ wrote.
