Guyana started producing oil in its prolific Stabroek Block offshore in 2019 and has already earned nearly US $1 billion from its oil sector thus far. By 2030, however, energy researchers believe that the country could be earning significantly more- with oil from the Stabroek Block raking in about US $7.5 billion annually. This is according to Head of Latin America and the Caribbean at Rystad Energy, Schreiner Parker, who spoke at a virtual webinar on Thursday. | News Room
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Despite the onset of COVID- 19 and the drop in global oil prices, an updated fiscal benchmarking study on Guyana has found that the Stabroek Block remains viable even with oil prices falling below US$40. The study looked at Guyana’s good price resilience and small fiscal deterrent along with possible future delays and the associated consequences | News Room
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2.6K views · 22 reactions | ExxonMobil on Friday announced that its resource estimate for the Stabroek Block offshore Guyana has increased to over 6 billion oil-equivalent barrels. The company also said it will be able to recover over 750,000 barrels of oil per day in ten years. | News Room | Facebook
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