Officers from multiple state agencies in Guyana have been working closely with operators onboard the Liza Destiny FPSO to ensure all systems are monitored and output verified as oil production ramps up and the country prepares to export its first 1 million barrels of crude.
Director of Guyana’s Department of Energy, Dr. Mark Bynoe said on Tuesday that officials from the Guyana Revenue Authority (GRA) and the Guyana National Bureau of Standards (GNBS) are on board the floating oil production complex to ensure the integrity of the investment is protected. The Energy Director said this will also provide a level of comfort to Guyanese that the requisite systems are in place to protect the country’s interests.
“What has also been happening is that the GNBS has been working assiduously to tag specific meters that are critical in terms of measurement. They have also been working with the operators on the FPSO with regards to calibration so that the measurements that we are getting are precise as far as practically possible, and those tags are to protect the integrity of the system,” he said.
Dr. Bynoe pointed out that when checks are carried out by GNBS officials prior to and after they leave and when they return, “they are able to ascertain that the system is not tampered with and that Guyana is getting its fair share.”
The offloading of Guyana’s first 1 million barrels crude entitlement from the Liza Destiny to the Greece-registered crude oil tanker, Cap Philippe, is expected to conclude today after which the vessel will depart the country’s waters.
The Liza Phase 1 Development features four drill centers with 17 wells in total; eight oil producing wells, six water injection wells, and three gas re-injection wells. At peak, the project will be producing 120,000 barrels of oil per day.
