Oil and Gas Industry Update Guyana:
Antonio Dey provides an update on Guyana’s oil and gas industry, revealing that 28 of the 225 oil lifts from the Stabroek Block last year were allocated to the state.
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Gov’t announces fifth oil lift
The Ministry of Natural Resources on Monday announced that it has completed the fifth lift of crude oil from the Liza Destiny Floating Production, Storage and Offloading (FPSO) vessel in the prolific Stabroek Block. Minister of Natural Resources, Vickram Bharrat said the most recent lift also represents Guyana’s final lift…

MEDIA STATEMENT: Two new Offshore Oil Discoveries – Oil production set to exceed 1 million barrels per day by 2030
The Ministry of Natural Resources, on behalf of the Government of Guyana, is once again pleased to announce Guyana’s newest oil discoveries by ExxonMobil at Sailfin-1 and Yarrow-1 Offshore Guyana, within the Stabroek Block. The Government of Guyana anticipates that these two additional discoveries will further increase Guyana’s petroleum resources,…

Guyana’s recoverable oil resources increased to approximately 10 billion oil equivalent barrels with newest Cataback-1 well discovery
Guyana currently has the 3rd highest oil reserves in the Latin America and Caribbean Region, and as the petroleum sector continues to drive the country’s economic growth, the Ministry of Natural Resources on behalf of the Government of Guyana is pleased to announce Guyana’s newest Oil Discovery by Exxon Exploration…