By : Inspenet, Nov 29, 2022
Guyana is home to one of the biggest oil discoveries of the last decade, with around 11 billion barrels discovered so far. A consortium that controls the country’s crude production plans to pump 1.2 million barrels per day (bpd) by 2027, up from 380,000 bpd expected by the end of the year.
Oil company bp has agreed to market the state’s share produced from the Liza Destiny and Liza Unity rigs at no charge per barrel, according to a statement from Guyana’s Ministry of Natural Resources last week. It replaces a business unit of Saudi Aramco, which previously had the contract.
Along with Spain’s Repsol and Italy’s Eni, it has received shipments from the country’s offshore oil fields this year, according to ship-tracking data. His proposal to take over as marketing officer was chosen out of 13 others, according to the statement.
Until the middle of the year, Guyana’s share of the oil production of the consortium made up of Exxon Mobil, CNOOC Ltd and Hess Corp was equivalent to 307 million dollars. The group markets two crudes: a medium-light sweet oil called Liza and an even lighter grade called Unity Gold.
The government recently said it would auction 14 offshore blocks to increase production by adding other oil producers. Guyana has not yet published a timetable, but has indicated that it could hold the auction in May.
Source : https://news.eseuro.com/negocio/1194867.html
Photo: ShutterStock
Don’t miss the Inspenet News at: https://inspenet.com/inspenet-tv/
Loading...
