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

Published by Nicholas Woodroof, Editor
Oilfield Technology, Tuesday, 26 May 2020 15:30

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: https://www.oilfieldtechnology.com/offshore-and-subsea/26052020/guyana-received-us49-million-in-oil-royalties-in-1q20/

Wood boosts North Sea operations with triple extension awards

Thursday 08 May 2025 09:00

Wood has announced a trio of reimbursable contract extensions worth US$118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business.

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.

Guyana received $4.9 million in royalties in first quarter: finance ministry

You might also like