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

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Kevin Ramnarine, Trinidad and Tobago’s former Minister of Energy and Energy Affairs.

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.