With oil averaging around US$79 per barrel in December, Guyana earned US$83 per barrel on its last lift for 2022 and yesterday received its first one million barrels oil-lift payment for this year, getting US$82.06 per barrel.
The US$82.6 million payment received yesterday takes the Natural Resource Fund total to US$1.346 billion.
Monies in the NRF are likely to rapidly increase throughout this year as there are now two floating production storage and offloading (FPSOs) units operating in the offshore Stabroek Block; the Liza Destiny producing over 120,000 barrels of oil equivalent (BOE) per day and the Liza Unity at 220,000 BOE per day.
