Guyana received US$4.9 million in oil royalties in 1Q20
The royalty payments came from oil production at the offshore Stabroek block.
The royalty payments came from oil production at the offshore Stabroek block.
The Permian Basin has systematically increased its market share in nationwide horizontal oil drilling in the US, reaching 74% as of last week, according to analysis by Rystad Energy of Baker Hughes data.
The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.
The Skogul field is located in the immediate vicinity of the Vilje field, in which PGNiG Upstream Norway has a 24.24% share.