Oil & Gas
Last updated
Last updated
YIN DAO's second investment focus will be in the Oil & Gas Industry. These proposals will be completely voted on by the Governance.
Suriname and Guyana, located in South America, have emerged as leading countries in the Caribbean region for crude oil and gas discoveries. Major industry players such as TotalEnergies, Apache, Hess Corporation, and Shell are either already conducting or preparing for offshore drilling operations in these regions. YIN DAO aims to capitalize on this opportunity by acquiring dividend shares from these companies. This strategic investment will generate an additional income stream for the DAO, providing long-term passive income over the next 20+ years.
Why are we focused on the Suriname and Guyana basin for Oil & gas?
In Guyana there are 11 Billion Barrels of Crude Oil and 17 Trillion cubic feet of gas have been found. In Suriname there are 2.4 Billion Barrels of crude oil found, estimated to contain over 30 Billion Barrels of unproven Oil, as multinational companies are still busy with their research. Over 12.5 Trillion cubic feet of recoverable natural gas is found as well on the coast of Suriname.
As the main founders of YIN DAO, are based in Suriname with a network in the Oil & Gas, they will be proposing Oil & Gas Projects to the DAO. Funding of the DAO will help Companies to start or continue with their projects development, whereas the revenue stream of the DAO will increase as well.
Here are some recent developments in Suriname's oil and gas industry:
Offshore oil production: Offshore oil production is scheduled to begin in 2025.
Gas production: Gas production is scheduled to begin in 2032.
Block 58: TotalEnergies is developing an oil project in Block 58 with a production capacity of 200,000 barrels per day.
Gran Morgu field: TotalEnergies and APA Corporation are developing the Gran Morgu field, which is estimated to hold 700 million barrels of oil.
Block 52: Petronas is developing Suriname's first offshore project on Block 52.
Production sharing contracts: Staatsolie (a state-owned oil and gas company in Suriname) has signed production sharing contracts for Block 6, Block 8, and Block 63.
