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Latest French Guiana well is dry hole

LONDON | Tue Jul 23, 2013 10:21am BST

(Reuters) – Hopes French Guiana has commercial oil reserves like those of Ghana across the Atlantic suffered a new blow on Tuesday as a well off the Latin American country’s coast came in dry for explorers Tullow Oil (TLW.L) and Royal Dutch/Shell (RDSa.L).

Tullow’s production in Ghana has helped finance exploration across Africa and tempted it off the coasts of French Guiana, Suriname and Guyana – to which west Africa was connected millions of years ago, and which has similar geology.

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