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

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OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

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.

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