High production and prices will help ExxonMobil recover CAPEX quickly; Guyana revenue to spike

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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.

High oil production and price in the early years of the Liza Phase 1 development will help ExxonMobil recover its Capital Expenditure rapidly, after which Guyana can expect a spike in revenue from its share of oil.

So says Trinidad and Tobago’s former Minister of Energy and Energy Affairs, Kevin Ramnarine, during a recent interview with OilNOW in Georgetown.

 

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