Skip to main content

Guyana received US$4.9 million in oil royalties in 1Q20

Published by , Editor
Oilfield Technology,

A reported by Reuters, Guyana received US$4.9 million in royalty payments for oil production at the offshore Stabroek block in 1Q20, the finance ministry said on Monday, a period that included the South American country’s first crude exports.
The crude produced by an ExxonMobil-led consortium at the Liza prospect in the Stabroek block was priced for the purposes of royalty payments at US$61.87/bbl in January, US$54.35/bbl in February, and US$36.79/bbl in March, the ministry said.

Read the article online at:

You might also like

CGG commences Côte d’Ivoire project near Baleine Field

CGG has announced the start of a new multi-client 3D PSDM reimaging programme in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding (PETROCI).


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Upstream news Offshore news Upstream project news Oil & gas news


Oilfield Technology is not responsible for the content of external internet sites.