With the first lift of crude oil scheduled to be completed tomorrow offshore, Guyanese authorities are confident that Guyana is in a position to manage the industry.
Speaking at a glitzy cocktail last evening at the Marriott Hotel, Head of the Department of Energy Dr Mark Bynoe underscored that a collaborative effort has been taken to ensure that production runs smoothly. He noted that employees from the Guyana National Bureau of Standards, the Guyana Revenue Authority and the Guyana Geology and Mines Commission are presently on the Liza Destiny Floating, Production, Storage and Offloading platform overseeing and documenting the extraction of crude.
On December 21, 2019, Guyana became a producer of petroleum. The historic first draw came less than five years after one of ExxonMobil’s subsidiaries made a major oil find in the Liza-1 well offshore in the sprawling Stabroek Block.
