Tanker to soon lift first one million barrels of oil from Stabroek Block

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

The Yannis P – a Marshall Islands registered crude oil tanker will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana.

Production in Guyana commenced on December 20, 2019, less than five years after the first ever commercial discovery in the South American country at the 6.6 million acres Stabroek Block.

ExxonMobil Guyana Public and Government Affairs Advisor, Janelle Persaud, in a comment to OilNOW, said, “The first tanker of crude oil from the Liza field will begin loading this weekend. As we have previously indicated, ExxonMobil will process the initial cargo in its own refining system.”

The Guyana government’s first lift is expected to be in February 2020. Shell has been selected to buy the country’s first three cargoes.

- Advertisement -

Latest News

Letter to the Editor: Higher production does not automatically erase the cost bank

Dear Editor, Recent commentary has suggested that because Guyana is producing more oil and earning significant revenues, the outstanding costs...

More Articles Like This

- Advertisement -spot_img